Lot Financing for Construction Projects
As the leader in rural lending, we understand what it means to find a piece of land that’s perfect for your future construction plans. Let us help get you Closer to What Matters® with helpful guidance and insights from our team of rural lending experts.
Buy now, build later
Our experts can help you finance your future plans.
We live out here, too, and enjoy the land just as much as you do. Whenever you’re ready to begin your build, the experts at Rural 1st can advise you how to roll your lot loan into a construction loan.
You’ll find working with an experienced lending team who understands rural property and knows the geographical area is invaluable.
Get the full value of your land
We value the equity in the acreage as well as any barns, outbuildings or site improvements so you qualify for the maximum loan amount.
Fixed rate financing
During construction, you can lock in a fixed rate to protect against future increases.
Why Rural 1st?
Lower rates for less
If a lower rate becomes available after you close, you can reduce your rate for a small fee* without the hassle of refinancing.
Choose your builder
While other lenders ask you to work with a builder they prefer, we let you choose your own. And our digital tool lets you manage your build in real-time with your contractor and Rural 1st team.
One-time close
We like to make things easy for you. Other lenders may require you to take out a construction loan and then refinance into a regular mortgage, but Rural 1st can help you go from construction to a permanent loan with one simple package.
Calculate Your Monthly Mortgage Payment
We’re here to help you find a loan that works for you and your needs. Please use our calculator if you’d like to get an idea of your estimated payments or loan possibilities.
Considering a refinance? Check out our refinance calculator.
Estimate the amount of yearly insurance you’ll need
Estimate the amount of yearly taxes you’ll owe
Calculate Your Maximum Loan Amount
We’re here to help you find a loan that works for you and your needs. Please use our calculator if you’d like to get an idea of your estimated payments or loan possibilities.
Considering a refinance? Check out our refinance calculator.
Estimate the amount of yearly insurance you’ll need
Estimate the amount of yearly taxes you’ll owe
You might be eligible for a loan up to
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Total Payment
Principal:
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Interest:
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Insurance & Taxes:
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Customer Testimonials
Our sole focus is helping people achieve their goals of owning rural property. Here’s what they had to say about working with Rural 1st.
“Everything was so efficient! From the loan officers to the Rural 1st app. Would highly recommend!”
Kimilyn Wittman
New Haven, IL
“There was never an automated answering system when I needed to speak with someone. Their customer service is second to none.”
John Gawsyszawski
Brunswick, OH
“Each person I worked with was very patient and took time to explain to us what was going to happen and what exactly everything means.”
Emily Waters
White Bluff, TN
*Provided that eligibility requirements are met. Conversion has a one-time fee of $750.00. Terms and Conditions may apply. The fee is subject to change without notice.
Explore Your Options
Get Started
One of our loan officers will contact you to discuss your financial options.
Inquire NowStart Your Application
Ready to get started on your loan application? You can complete your application online.
Apply Now