Our Construction and Lot Loans
Building your dream home is an exciting endeavor. At Midland States Bank, we provide loans to make financing those dreams easy and stress-free. Depending on your needs, you can choose between two types of loans:
A construction loan is a short-term loan you can use to finance the construction of a new home. During construction, you'll make interest-only payments at a fixed rate. Once construction is complete, you can convert the loan to a permanent mortgage.
Land Lot Loans
If you want to purchase land to build a home, a lot loan is the perfect solution. A lot loan allows you to purchase property before you begin construction.