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Land Loans

Secure the property you need.

Dreaming of building that forever home? Looking for an investment in your future? Whatever your vision for owning your own piece of land in Minnesota, we can help bring that vision to fruition.

Our Land Loans include:

  • Ability to borrow up to 80% of the land's value*
  • Competitive rates
  • Low closing costs
  • 5 year balloon payments with 10, 15, and 20 year amortizations
  • No penalties for pre-payments of early payoffs
  • Your loan always stays with HomeTown

Payment Example: $332.32 per month for $50,000 at 6.99% APR with a 5 year balloon payment.*

Apply for a Land Loan   Contact Us for Current Rates

*Rates subject to change and are based on creditworthiness. Borrow up to 80% of the appraised value or purchase price, whichever is less. 6.99% APR rate is based on a 15 year amortization. There is no minimum term; the maximum term is 5 years with up to a 20 year amortization. There is no minimum loan amount but the maximum is $100,000. Late payment fees of $25.00 and processing fees may apply and would be above and beyond the initial monthly loan cost.


Featured Rates