Residential Lot and Land Loans

Lot Loan Austin, TX

If you’ve found the perfect lot or land for your dream home, but just aren’t ready to build, a Lot Loan from Broadway Bank is a great solution. Our Lot and Land Loans make sure you don’t miss out on that perfect opportunity and allow you to build when the time is right.

The Benefits of a Lot or Land Loan

Broadway Bank’s Lot Loans deliver:

Loan Calculator

It’s Easy to Apply for Your Lot or Land Loan

We’ve made it quick and easy to apply online TODAY.

Questions? Contact Customer Service at 800.531.7650 for answers to all of your Lot or Land Loan questions, or stop one of our banking centers.

Click here to apply

Residential Lot Loans
Loan Type $50,000 - $250,000
APR as low as1
$15,000 - $49,999
APR as low as1
Up to a15 year amortization /
5 year balloon
5.88% 7.69%
5 Year 6.74% 7.71%

Rates reflect a .25% discount for automatic payments from a Broadway Bank account.
Military rate discount of .25% available2.
For Assumptions and Examples, click here

Residential Land Loans
Loan Type $50,000 - $250,000
APR as low as*
$15,000 - $49,999
APR as low as*
Up to a 15 year amortization /
5 year balloon
5.88% 7.69%
5 Year
6.74% 7.71%

Rates reflect a .25% discount for automatic payments from a Broadway Bank account.
Military rate discount of .25% available2.
Assumptions and Examples NMLS Listing

LOT LOAN 

Assumptions and examples:

1 The bank offers loans to purchase unimproved residential lots with up to 80% financing available to qualified borrowers. APR is the Annual Percentage Rate. Rates quoted assume excellent borrower credit history. We will set your APR based on your individual circumstances, including your credit history, loan amount, and our internal credit criteria.

A representative example of payment terms are as follows:
A loan of $50,000 with a 15 year amortization and a 5 yr balloon payment, a 80% loan to value (ltv) and an APR of 5.88% would have 59 monthly payments of $415.36 and a final payment of $38,242.19. A 5 year loan of $15,000 with a 80% loan to value (ltv) and an APR of 7.71% would have 60 monthly payments of $297.03. All loans and lines of credit are subject to credit approval, verification, and collateral evaluation. Rates and terms are subject to change without notice. Other terms available. Minimum loan amount is $15,000.

2 Military rate discounts are for military customers and are available on fixed rate consumer loan accounts. Not available on consumer lines of credit, HELOC, mortgage or construction loans or any business loans. A military customer is any Retired or Active Duty service member, Reserve/National Guard Member, Veteran, ROTC or Academy Cadet, or dependent (immediate family member), and Department of Defense Civilian and Contract Personnel.

LAND LOAN

Assumptions and examples:

1 The bank offers loans to purchase unimproved residential land with up to 65% financing available to qualified borrowers. *APR is the Annual Percentage Rate. Rates quoted assume excellent borrower credit history. We will set your APR based on your individual circumstances, including your credit history, loan amount, and our internal credit criteria.

A representative example of payment terms are as follows:
A loan amount of $50,000 with a 65% loan to value (ltv) and an APR of 5.88% would have 59 monthly payments of $415.36 and a final payment of $38,242.19. These calculations are based on a 15 year amortization with a 5 year balloon payment. All loans and lines of credit are subject to credit approval, verification, and collateral evaluation. Rates and terms are subject to change without notice. Other terms available. Minimum loan amount is $15,000.

2 Military rate discounts are for military customers and are available on fixed rate consumer loan accounts. Not available on consumer lines of credit, HELOC, mortgage or construction loans or any business loans. A military customer is any Retired or Active Duty service member, Reserve/National Guard Member, Veteran, ROTC or Academy Cadet, or dependent (immediate family member), and Department of Defense Civilian and Contract Personnel.