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Land Loans

What is a land loan?

It is a loan that is used to finance the purchase of a lot that a borrower will eventually build on. They may be called many different names.  To name a few, land purchase loans, raw land loans, residential lot loans, land mortgage loans, vacant land loans, or land and construction loans.  The money loaned to the borrower is simply used to allow the land to be purchased before the construction of a home begins. 


Size and type of land loans offer

Our land loans are for the purpose of residential construction up to 10 acres.


Benefits of a Macatawa Bank land loan

  • 5/1 ARM option available
  • No escrow account required
  • Local, personalized service
  • Local decisions
  • Fast approvals and competitively priced rates
  • Finance up to 80% of the property value

Tips before buying land

  • Make sure the location fits your lifestyle. Is the neighborhood a good fit?
  • Insist on a warranty deed and title insurance to make sure you have a clear title to the property.
  • Check with utility services (sewer, electric, etc) to ensure they will be available and what the costs will be.
  • Get a staked survey of the property and be aware of all easements and accesses.
  • Double check property conditions in various weather conditions.
  • Research restrictions and site limitations to ensure you can build the home the way you want.
  • The interest expense on a land loan may be tax deductible if the land is held as an investment.  Consult with your tax advisor.
  • Check to see if the property is located in a flood zone that may require flood insurance.

Have questions?

Call us at (877) 820-2265 to schedule an appointment with a Mortgage Loan Officer or fill out the contact form below and we will have one of our Loan Officers reach out to answer any questions you have.



Get started online

Apply or get pre-qualified for an any of our Land Loan options by clicking the buttons below.

Apply now for a Land Loan

Get prequalified for a land loan



Disclosures and borrower information
Macatawa Bank's primary lending area is West Michigan. Online applications will be considered received on today’s business day if submitted during the course of the bank’s normal business hours;
9am EST – 5pm EST Monday – Friday, excluding Federal Holidays
9am EST – 12pm EST on Saturdays
Applications received outside of this timeframe, including Federal Holidays and Sundays will be considered received the next business day.

We're happy to help.

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