Male construction worker writing on clipboard.

Construction & Lot Loans

When home building is your livelihood, you need a bank with experience.

Home building is filled with enough challenges, you don't need your bank to be one.  Our experienced construction lending team will assist with every facet of the construction lending process.

Construction Loans

  • For the construction of spec or presold residential homes, commercial/industrial buildings, tear downs, renovations and land development
  • Short-term, fixed-rates loans
  • Interest-only payments
  • Competitive interest rates
  • Can provide letters of credit
  • Can combine the construction and permanent mortgage into one loan
  • Offers competitive end mortgage terms

Lot Loans

  • Finance the purchase of undeveloped lots
  • Fixed rates
  • Refinancing options available
To learn more, or to apply for a loan, please contact one of our loan officers

First Bank of Manhattan & New Lenox are full-service banks with branches in Will County, Illinois.