Lot Loans from American Bank & Trust offer the flexibility of purchasing land now even if building is not in your short-term plan. The Lot Loan will help you secure the location of your dreams to reach future goals, whether that is building your dream home or growing a business.
Lot Loans are used when buying a property that is not built upon and there is not an immediate plan to build. This gives you the flexibility to purchase the correct lot before having plans and a cost breakdown on your future projects. Lot Loans also allow you to buy and hold to start gaining equity right away by using a loan structure that pays down from the first payment.
Lot Loan Program Outline
- Free Internal Evaluations in Lieu of Appraisals For All Loans Under $400,000” bullet point
- Can Borrow Up To 80% Of Lot Value
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- Streamlined Application with a user-friendly, paperless application process.
- Real-Time Updates through instant notifications on your application milestones.
- Secure Document Uploading means no more lost paperwork or hassles!
Take control of your homeownership journey by downloading our
new American Bank & Trust Mortgage App.
Find Your Perfect Mortgage Loan Officer
A great home buying experience starts with great home buying partners. Meet your American Bank & Trust mortgage team and discover an outstanding group that truly lives at the intersection of what if and why not? With AB&T home loan experts, you’ve got neighbors you can always count on.
Looking for more information about Home Loans? Visit the South Dakota Housing Development Authority.
We do not offer every plan available in your area. Currently we represent 7 organizations which offer 28 products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program to get information on all of your options.
Not FDIC Insured | Not Bank Guaranteed | May Lose Value | Not Insured by any Federal Government Agency | Not a Bank Deposit