5 Best Land and Lot Loans in Louisiana


Louisiana land loans give aspiring homeowners in the Bayou State a way to buy acreage.

Key Terms

  • Land loans let you secure land now and build later.
  • Also known as lot loans, land loans can offer flexible payment options.
  • These loans don’t require insurance, saving you money.

With arguably one of the most vibrant cultures in the States, Louisiana is home to some 43,210 square miles of land, according to the United States Census Bureau. Within all those acres exists everything from the historical splendor of New Orleans to the unique landscapes of the Bayou. 

Louisiana has got it all and then some but, with home prices on the rise, it’s getting more difficult for Louisianians to find the home of their dreams. That’s why many in the Bayou State are turning to land loans, which allow you to secure the land you want and eventually build a home on your own terms.  With the value per acre in Louisiana at $12,908.40, per the New Estimates of Value of Land of the United States, Louisianans definitely have options when it comes to finding an affordable parcel of land. 

Land loans are a great alternative to construction loans in Louisiana, since they allow you to build at your own pace. With a lot loan, you can find the land you want in the area you prefer and take your time with it. 

Benefits of getting a land loan in Louisiana

Purchasing a home is an expensive process. Even more so when you’re purchasing a turn-key, move-in ready or new build home. You could choose to buy a fixer-upper, but then you’re looking at months or even years of expensive renovations and additions. 

The other option is to scale back your plans so that your budget fits what’s available out there. None of those options sound ideal, which is why many people are choosing to buy vacant land instead. 

It costs considerably less to build a home yourself than it does to buy a pre-built home. Building your home yourself also gives you complete control over the style, layout and design. You can also delay your building process until you’re in the financial position to create the home you dream about. 

At the same time, once you’ve secured the lot, you can you have it locked in place; if the price for the property rises as you wait to build, it will only be to your benefit. 

5 Best Louisiana land loan lenders

If you’re ready to learn more about the best land loan lenders in Louisiana, here are the top options we’ve found through our research.

1. Louisiana Land Bank

Louisiana Land Bank has been around for over 100 years providing loan products for Louisiana residents to help them achieve their property ownership goals. Some of the products Louisiana Land Bank offers include loans for agribusiness purchases, recreational property, farm and ranch land, and country home purchases.

To get you the best information, we contacted Louisiana Land Bank for more details on their land loans and here are the key features and terms:

  • Available for farm and ranch land purchases.
  • Loans available for clearing or leveling land; improving pastureland, irrigation systems, water wells, and fences; reforesting timberland tracts, and more.
  • Available for recreational property purchases.

When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.

2. OnPath Federal Credit Union

Founded as ASI Federal Credit Union in 1961, OnPath Federal Credit Union is a member-owned location meeting the needs of 64,000 people throughout Southeast Louisiana. Among its offerings are loan loans for the purchase of lots for residential construction with local approval and decision making.

We reached out to OnPath Federal Credit Union to discuss land loan details, which you can read about below:

  • Available in Louisiana only.
  • Provides funding to secure a lot for construction.
  • Perfect for custom home building

When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.

3. Trustland

Trustland offers a number of different products and methods for customers looking to acquire land and property in the state of Louisiana. They offer a number of types of land loans, including small loans up to $250,000, large loans above $250,000, and non-conventional loans to help customers meet their needs.

We reached out to Trustland to discuss land loan details, which you can read about below:

  • Limited credit information for loans under 80% loan to value.
  • Will accept a title opinion versus title insurance in most cases.
  • Quick and streamlined closing process utilizing local attorneys.
  • Loans in the range of $50,000 – $250,000 have fixed rates range from 1 to 5 years with amortizations up to 20 years.
  • Loans above $250,000 have fixed rates range from 1 to 10 years with amortizations up to 25 years.
  • Can finance when the borrower has an imperfect credit history.
  • Can finance when the borrower only owns an undivided interest.
  • Can finance when the borrower needs a loan in excess of 75% of the appraised value.
  • Can finance when the borrower has a property with no public access.

When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.

4. AgAmerica Lending

AgAmerica Lending is a multi-generational family farm lender serving residents in numerous states. The organization specifically focuses on agricultural financing. It is ranked as one of the fastest growing private companies and offers coast to coast services to farmers and ranchers throughout the country.

We reached out to AgAmerica Lending to discuss land loan details, which you can read about below:

  • Minimum of 25 acres required
  • Minimum loans of $150,000
  • Farm/ranch financing available
  • Recreational land loans available
  • Terms from 18 months to 30 years

When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.

5. Citizens Bank & Trust

Based in North Alabama, Citizens Bank & Trust provides a number of services for those living in the area and looking to invest in property. Citizens Bank & Trust offers land loans and construction loans to help with the purchase of property as well as the building on property.

We reached out to Citizens Bank & Trust to discuss land loan details, which you can read about below:

  • Available for home construction or land
  • Available for primary residence or secondary home construction
  • Draw system: funds can be disbursed in stages as construction progresses
  • May roll into permanent loan, saving on closing costs
  • Local decision-making and processing

When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.

Does a Louisiana home land loan make sense for you?

If you’re struggling to hit the moving property target in Louisiana, or you just can’t find the home you need in the location you want, then a land loan might be the right solution for you. If you want to buy a home you can move into right away, then a home loan is a better option for your real estate purchase. However, land loans may be a faster route to your dream home if you want to build it yourself. You can get the dream home you want by building on land you buy.

These loans allow you to secure the most critical piece of the puzzle – the land itself – while you figure out the rest of the details. With property price increases set to continue for the foreseeable future, that could save you a bundle over time. 

Land loans are great for country retirement homes too, or to finance the vacation home you’ve always wanted. So if you’re looking for another option to get the property you want in Louisiana, this might be it.  Verify the monthly payments, credit scores needed, down payment, loan amount, the purchase price, interest rates, and more before you start the application process with any financial institutions. If you can’t tap into lines of credit, home equity, refinancing, or mortgage loans to make your purchase possible, check out land loans.

If you’re looking to explore land and lot loans in other states, check out our national overview of land loans as a starting point in your search.

Joshua Holt

Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.

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