4 Best Land and Lot Loans in Nebraska


Land loans give Nebraskans a convenient way for borrowers to finance a land purchase for an eventual home, recreation or business purpose.

Key Terms

  • Land loans let you secure land but have no requirements regarding what you do with the land.
  • Sometimes called lot loans, land loans can let you buy very large parcels of land with lower working capital.
  • These loans also don’t require insurance like home loans from traditional lenders do.

How can anyone not love the state that invented the Reuben sandwich and Kool-Aid? Once considered part of the Great American Desert, lovely Nebraska is now home to 76,818 square miles of land (according to the United States Census Bureau) that are ideal for everything from agriculture to comfortable homes. 

Nebraskans looking for a home in this state are faced with some pretty competitive markets these days, as well as rising home purchase prices.  With the value per acre in Nebraska at $2,935.54, per the New Estimates of Value of Land of the United States, however, Nebraskans may find it more affordable to buy land first and then build their own custom home over time. 

Nebraska land loans, or lot loans, are a bit different from construction loans in Nebraska. Construction loans are great if you have an immediate build underway, but a land loan lets you take some time and consider what to do with the land. You can, however, eventually use the value of your land to qualify for a construction loan, farm operating loan or ag loan, once you’re ready to plow ahead. 

Show Me Lenders

How land loans in Nebraska work

Traditionally, when looking for a home, you look for one that has already been built, right? What if, instead, you built your own? With  housing prices as they are right now in the United States as a whole and in Nebraska, you may find that what you want and need is out of reach with the traditional route. 

Usually, this means settling for something smaller or in worse condition, but there is another choice. People who want to buy property but can’t find or afford their dream home can use a land loan to purchase a vacant lot and build on it later.

Imagine not having to settle for what’s out there, or reduce your ambitions just to suit your budget. With a land loan, you might be able to afford acres of land and an eventual home build for far less than the market price for a new home. Plus, it will be 100 percent your own, ideal home. 

Get Quotes for Your Land Loan

4 Best Nebraska 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. Meridian Trust Federal Credit Union

Meridian Trust Federal Credit Union offers credit union services in Nebraska, Wyoming, and Colorado for members to help them reach financial goals and to provide banking services. Meridian Trust Federal Credit Union offers a number of loan and lending products, including land loans for homes and businesses.

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

  • Land loans available for improved property (sewer hookup, utilities, etc.)
  • Terms available in multiple amortizations such as in 60, 120, 180 or 420 months
  • Minimum loan amount is $100,000
  • $500 fees except title, appraisal/BPO

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

2. Nebraska Realty

Nebraska Realty is the largest independent real estate company in the state and Southwest Iowa. Established in 1993, this award-winning organization is home to nearly 900 Realtors. The organization provides support through Arbor Bank for lot loans, construction loans, and other permanent financing opportunities and mortgages through Peoples Mortgage Company.

We reached out to a loan officer at Nebraska Realty to discuss land loan details, and here is what they shared with us:

  • Offers Lot Loans to secure the property while you plan your build.
  • Construction loans available to cover the costs of building or remodeling
  • Permanent Financing and refinancing options after construction with 15 or 30 year fixed interest rates.
  • Refinance options available

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. Pinnacle Bank

Since opening its doors in 1938, Pinnacle Bank has provided community support through a range of banking solutions for those in Nebraska, Missouri, and Kansas. Among the loan offering available are construction loans for lot purchase and construction costs for homes designed to be competitively priced and accessible.

We contacted Pinnacle Bank to discuss their land loan details, which you can read more about below:

  • Lot Purchase options
  • Construction Loan options
  • Combined Lot Purchase and Construction Loan
  • Construction to permanent loans available after home is built

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. First State Bank Nebraska

First State Bank Nebraska has over a dozen locations in the eastern portion of the state. Established in 1912 as a state charter bank, the financial institution is focused on creating personalized service for its clients. This includes real estate loans for home purchase, construction, lines of credit, ot purchase, farm loans, agricultural loans and land development.

To get you the best information, we contacted First State Bank Nebraska for more details on their land loan rates and here are the key features and terms:

  • Fixed-rate mortgages
  • Home construction loans
  • Lot purchase loans
  • Land development loans

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 Nebraska home land loan make sense for you?

A land loan allows you to obtain the property you desire before finalizing all of your building plans, giving you time to fine-tune your design to perfection. A land loan provides you with possibilities that a standard house does not, which is usually a take it or leave it situation. Customizing an already built home to your needs generally entails a large number of modifications and expansions, which means more time and money spent simply to acquire the home you want.

Is there a disadvantage to land loans? They may need a substantial down payment. The benefits of creating your own bespoke house on your own timetable, on the other hand, may make this one inconvenience worthwhile.

If the houses out there now aren’t to your taste, are too expensive, or just not the right fit for you, a land loan can make all the difference while you take time to build up your cash flow. 

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.

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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