Lot Loans

Fidelity Bank Lot Loans

Lot Loans with Competitive Rates and Flexible Options

At Fidelity Bank, a trusted community bank in Louisiana, we offer Lot Loans designed to help you purchase the perfect piece of land for your future home. With competitive rates and flexible terms, our Lot Loans provide you with the financial tools you need to secure the land that fits your vision.

Key Features

  • Competitive Rates
  • Flexible Repayment
  • Local Processing
  • Quick Decisions
Request Info

Lot Loan Details

Fidelity Bank’s Lot Loans offer competitive financing options for purchasing land or a lot in Louisiana, Mississippi, and Florida.

  • Loan Amounts: Finance your land purchase with loans ranging from $10,000 to $999,999.
  • Up to 75% LTV: Secure up to 75% Loan-to-Value (LTV) financing based on your credit score and the value of the land.2
  • Competitive Rates: Take advantage of our competitive rates tailored to fit your financial situation and land purchase goals.
  • Flexible Repayment Options: Enjoy flexible repayment terms that align with your budget and plans for future development.
  • Local Processing: Benefit from quick, local decision-making, ensuring a smooth and efficient loan process.
  • Quick Decisions: Our streamlined process allows you to secure the land you want without unnecessary delays.
  • Permanent Financing Options: Easily roll your unpaid balance into permanent mortgage financing when you’re ready to build.
    • No Prepayment Penalties: Pay off your loan early without any additional fees.
    • Flexible Terms: Choose from a range of repayment terms that include both principal and interest.
    • Credit Requirements: A minimum credit score of 680 is required, with a score of 720 needed for financing above 75% LTV.
    • Debt-to-Income Ratio: A maximum debt-to-income ratio of 45% ensures manageable payments.
    • Attentive Service: Our experienced team is with you every step of the way, from application to closing.

All loan programs and terms are subject to change without notice. All financing is subject to credit approval. 
2Loan-to-value is calculated based on the subject property’s fair market value. Consult your tax advisor regarding the deductibility of interest.

24-month Interest-Only Lot Loan

For those looking for short-term financing, Fidelity Bank also offers a 24-month interest-only lot loan available in Louisiana, Mississippi, and Florida1:

  • 24-Month Term: This loan features a 24-month term with a balloon payment due at maturity, giving you time to plan for construction or permanent financing.
  • Credit Requirements: A minimum credit score of 680 is required, with a score of 720 needed for financing above 75% LTV.
  • Personalized Service: Our loan officers provide attentive, friendly service to guide you through the loan process from start to finish.

1Must live within 100 miles of the NOLA Lending Group loan production office and within the same state.
2A $170,000 loan at 6.39% APR, the interest-only payment will be $905.25 for 24 months with the balance due at maturity. Annual Percentage Rate = 6.841%.

Get Started with Your Local Lender

When it comes to financing your lot, working with a local lender makes all the difference. NOLA Lending Group, a division of Fidelity Bank, offers local decisions, local processing, and local expertise with offices across Louisiana, Mississippi, and Florida. By choosing a community-focused lender, you'll benefit from personalized service, quick decision-making, and an understanding of the local market. Start building your future today with NOLA Lending Group—your trusted local partner for lot financing.

Request Info

Information stated above is subject to change without notice. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend or offer an extension of credit. All loans are subject to credit approval. Not all applicants will qualify for all products offered. All loan programs, terms, and interest rates are subject to change without notice and may only be available in select markets. Information obtained from a third party is subject to change without notice. All figures should be verified.