4 Best Land and Lot Loans in Mississippi


Land loans give Mississippians a way to finance a land purchase and build a home or business down the line.

Key Terms

  • Land loans let you secure land but don’t require that you build right away.
  • Also known as lot loans, land loans can let you buy very large parcels of land.
  • These loans don’t have insurance requirements as mortgages do.

Home of the Blues and filled with a wealth of one-of-a-kind sites like the Mississippi Delta and Vicksburg National Military Park across 46,924 square miles of land (according to the United States Census Bureau), Mississippi offers a southern way of life with a little bit of extra flavor. 

Mississippians looking for a home in this charming state are faced with some pretty competitive markets these days and rising prices.  With the value per acre in Mississippi at $5564.68, per the New Estimates of Value of Land of the United States, citizens of the Magnolia State can affordably buy significant parcels of land using land loans, then build a home at their own speed and within their own budget. 

Mississippi land loans, or lot loans, are a bit different from construction loans in Mississippi. Construction loans are great if you’re ready to build right away; a lot loan gives you a bit of time and allows you to do what you want with your new land. 

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Benefits of getting a land loan in Mississippi

Traditionally, when you want to purchase property, you find a home that’s already been built. However, with home purchase prices the way they are across the U.S. and in Mississippi, you might find that what you want and need is outside of what you can afford. 

Usually, that means that you settle for something that’s smaller or in poorer condition, but there is another option. A land loan allows people who want to buy property but can’t find or can’t afford their dream home to buy a vacant lot and build on that lot later. 

This means you don’t have to settle. You have time to plan and construct the home you really want to suit your needs to a tee. 

Get Quotes for Your Land Loan

4 Best Mississippi land loan lenders

Some lenders only offer land loans for residential projects, while other programs can lend to those that are pursuing recreational or agri-business purchases.

1. Ferguson Federal Credit Union

Chartered in 1968, Ferguson Federal Credit Union began as a small St. Regis location that has grown to provide services throughout Lawrence County and into much of the Southwest Mississippi region. This member-owned credit union offers a range of loan products, including home equity lines of credit, refinance options land and lot loans for personal use.

To get you the best information, we contacted Ferguson Federal Credit Union for more details on their land financing options and here are the key features and terms:

  • Available even if borrowers don’t intend to immediately start construction loans
  • Multiple loan terms available
  • 0% down payment options
  • Local service and underwriters

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.
Mississippi Land Bank

2. Mississippi Land Bank

For over 100 years, Mississippi Land Bank has offered financing and refinancing solutions to rural communities in the northern part of Mississippi. They specialize in real estate lending, operating and equipment loans, agribusiness loans and country home loans.

We reached out to Mississippi Land Bank to specifically get more details on its land program. Here are a few key terms and highlights:

  • Available for crop land, recreational land, timber land or pasture land.
  • Loans terms up to 30 years
  • Variety of interest rate options, including fixed terms
  • Can handle large acreages, at least up to 40 acres

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. First Federal Savings & Loan

First Federal Savings & Loan, established in 1955, has been a long-time staple in mortgage lending and deposit accounts along the Gulf Coast since its founding. It has over $330 million in assets across six branches located in southern Mississippi. It offers lot and land loans for personal use development.

We reached out to First Federal Savings & Loan to discuss land loan details, which you can read about below:

  • Available for construction projects
  • Land loans available even if you have not set a date to begin building
  • If you are purchasing your lot and building at the same time, their Construction-Permanent Loan might be your perfect solution. 

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 rates, which you can read about below:

  • Minimum of 25 acres required
  • Minimum loan amount 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.

Does a Mississippi land loan make sense for you?

Whether you want to get on the property ladder in a coveted neighborhood or buy a piece of land to turn into your dream country home, a land loan makes a lot of sense. There are several options to consider, including raw land loans, unimproved land loans, and improved land loans. 

A land loan allows you to secure the land you want before you’ve finalized all your construction plans and gives you time to really work on your design so that it’s absolutely perfect. A land loan gives you options that you just don’t get with a traditional home, which is usually a take it or leave it situation. That usually means lots of renovations and additions, which means more time and money just to get the home you want. 

One downside with land loans? They can require a large down payment. The upside of building your own custom home on your own schedule, however, can make this one pain point worth it. You will also save on insurance and loan payments, since land loans don’t have the same insurance requirements as mortgages. 

So if you can’t find what you want in the real estate listings, maybe it’s time to try something a little different.   

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 loan process.

Find a Land Loan Specialist

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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