Land & Lot Loans

Have a slice of Illinois to call your own. Whether you see yourself in a subdivision or on the open prairie, we can help you purchase a plot of land for your future home. As your local land loan lender, Town and Country Bank and Peoples Prosperity Bank has the land financing you need to secure a spot for your new home.

Finance the location of your new home. Apply for a land loan by contacting us or visiting one of our locations to receive personalized assistance from our local lending team!

What is a Land & Lot Loan?

A bank loan for land is just like a mortgage for a house. We provide the financing you need to secure your building site. It’s a short-term or long-term loan that can eventually be bundled into your monthly mortgage payment once your home construction is complete.

What Qualifies as a Lot?

In order to be considered a lot, the land must be suitable for residential development and often has some of the following features:

A building permit
Residential zoning
Utility connections
Clearly marked boundaries and a recent survey
Access to public roads

Why Choose Us?

We are consistently recognized as the top housing lender in our markets. That makes us the best bank for land loans, too. Locally owned and operated, we treat our clients like family. When you choose a Land & Lot Loan from Town and Country Bank and Peoples Prosperity Bank, you benefit from:

Competitively low rates for your future construction project
Helpful loan advisors with working knowledge of the local real estate market
A wide range of terms customized to your unique situation
No prepayment penalty
Local decision-making and processing
Attentive, friendly service from start to finish

Let Us Serve You

Town and Country Bank and Peoples Prosperity Bank serve and empower local communities in Central Illinois and Metro East, one person at a time. Request a consultation with our local mortgage team or visit a local office today. Our friendly and attentive staff welcomes you to any of our branch locations in Springfield, Jacksonville, Lincoln, Decatur, Bloomington, Edwardsville, Fairview Heights, and Quincy.