4 Best Land and Lot Loans in New Hampshire


New Hampshire land loans give homebuyers accessibility to secure property and build their dream home.

Key Terms

  • Land loans can make more expensive areas, including the Lakes Region, more accessible.
  • Until you build on a lot, you will not need to purchase insurance for your land.
  • Land loans can be used to purchase property for recreational or business use as well.

New Hampshire is filled with delights of which outsiders might not be aware. From the noble peaks of the White Mountains to the Lakes Region and 16 miles of stunning coastline, the Granite State has a setting for most anyone. According to the U.S. Census Bureau, New Hampshire has 8,954 square miles of land, offering a good stretch of terrain for those in search of a home.

Unfortunately, new built and modern homes are becoming more expensive across New England and in New Hampshire, as well. With a New Hampshire land loan, you can take a different approach to homeownership, securing a property in your favorite spot and then building a home when you’re ready. With the value per acre of land in New Hampshire at $19,839.89, per the New Estimates of Value of Land of the United States, many in the state may find that this approach is a very cost-effective approach to becoming a homeowner in the Granite State. 

In some cases, the purchased land can be used to take out a New Hampshire construction loan when you’re ready to build. 

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Benefits of getting a land loan in New Hampshire

What are some of the advantages of obtaining a land loan in New Hampshire? Consider the following:

  • With a land loan, you may take your time and construct a house on your own schedule.
  • Land loans enable you to design the home of your dreams.
  • Building a new home from the ground up is generally simpler and less expensive than modifying an existing one.
  • You won’t have to pay for any insurance until you’ve constructed your house.

Additionally, a land loan enables many first-time borrowers to buy property in regions they may not otherwise be able to afford with a traditional FHA mortgage loan, such as sites alongside some of New Hampshire’s attractive seasides and lakefronts.

Get Quotes for Your Land Loan

4 Best New Hampshire land loan lenders

If you’re in the market to purchase land in New Hampshire, consider these land loan lenders that are available for projects in the state.

1. Holy Rosary Credit Union

Holy Rosary Credit Union is a community-focused, member-based organization for those who live, work, go to school, or worship in New Hampshire or York County, Maine. Among its many lending options are home equity loans, business loans, refinance loans, personal loans and land loans, designed to provide up to 70% of the value for a maximum of 10 years.

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

  • Land loans can cover up to 70% of the appraised value or purchases price (whichever is less)
  • Maximum 10-year loan term at a low fixed rate
  • Current approved buildable lot with current approved utility and septic design at time of loan application.
  • Must be in the state of New Hampshire or bordering towns in York County, Maine

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. Charley Farley Home Loans

Charley Farley Home Loans provides a number of home loan servicing options for New Hampshire to meet the needs of many. One of the options available through Charley Farley Home Loans is a new construction loan to build a single family, primary or second home.

We reached out to Charley Farley Home Loans to discuss land loan rates, which you can read about below:

  • Finance the purchase of land or use the equity in your land toward the 20% down payment required for construction loan.
  • Prefers construction projects.
  • One time closing costs.
  • Pay interest-only during construction for up to 12 months
  • Lock in your fixed interest rate before construction begins

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. Union Bank

Founded in 1891, Union Bank, Inc has been servicing Vermont and New Hampshire for over 130 years, providing all forms of banking and financing needs for its customers. Union Bank, Inc offers a number of loan options, including home equity line of credit, loans for land for either raw or improved lots.

To get you the best information, we contacted Union Bank for the FAQs on their land loans and here are the key features and terms:

  • Available for land purchases in northern Vermont or northern New Hampshire
  • Raw and improved land loans available
  • Fixed-rate and adjustable-rate mortgage options available
  • Portfolio loans available for large acreage, seasonal-use properties, and other non-conforming properties for which we develop a customized financing plan.
  • Portfolio loans can also help real estate investors purchase a bundle of rental properties.

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. TD Bank

TD Bank is a full service bank that offers all types of financial products, including investments, wealth planning, refinancing and private banking services like checking accounts and money markets. TD Bank does have a large lending ability in which loans can be obtained for property and land purchases and the purchase and renovation of a home.

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

  • Can finance land purchases as part of construction project
  • Construction loans are interest-only during the construction phase

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.

Is a New Hampshire land loan the right choice for you?

With the cost of an acre in New Hampshire still pretty manageable right now, you can purchase a big tract of land for considerably less than the cost of a new home. If you want to have some space and not crowd into a pre-built suburb, a lot loan is a wonderful place to start.

Land loans in New Hampshire also do not govern when or how you construct on a lot. You may take the time you need to evaluate your finances and credit score, choose a style, and construct your perfect house. If you find that appealing and are not in a hurry to move in, a land loan is an excellent option.

Finally, land loans are ideal financing options for holiday properties that do not require immediate occupancy. Because vacation houses may command some of the market’s top prices, this can be one of the simplest methods for residents of New Hampshire to finally obtain that ideal second home.

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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