Residential lot loan

A residential lot loan is used to purchase non-income producing, land up to a maximum of 40 acres. You can use this loan to buy the land you want to build your new home on.


  • Affordable payments with minimal closing costs.
  • Stable monthly payment.
  • Source of down payment is flexible.
  • Think retains servicing


  • Loan term/amortization
    Long term amortizations available.
  • Loan purpose
    Purchase only.
  • Eligible property types
    Non-income producing lot. Maximum 40 acres.
  • Loan limits
    Generally $10,000 to $100,000. Higher limits available upon review.
  • Interest rate
    Fixed for term of loan.

How to apply:

Apply online, visit one of our branch locations or call us at 1-800-288-3425.

Residential lot loans are available for properties in Minnesota to existing customers, or new customers who live or work in Minnesota.