Question: Does the development offer lot financing? Or do you have a bank that will finance the lot?
Answer: Both. We offer 24-month developer in-house financing for lot purchases only–a great option for buyers building in the short term. This allows them to secure their lot, design the home, and find a builder.
Not all banks are willing to loan on acreage only, they prefer to have a home. But we’ve teamed up with Citizens Union Bank in Shelbyville. They offer lot financing, construction loans, and a mortgage loan as well.