Buy land now and build your future home later

If you’ve found the perfect piece of land but aren’t ready to build just yet, a lot loan gives you the flexibility to buy now and build when the time is right. Whether you’re planning to construct your dream home next year or just want to secure land in a fast-growing area, lot loans in Colorado can help you make that investment on your timeline.

At Choice Mortgage Group, we help buyers across Castle Rock, Parker, Elizabeth, Centennial, and throughout Colorado finance land with flexible terms and competitive rates.

What is a lot loan?

A lot loan is a type of financing used to purchase a parcel of land without immediate plans to build. It’s different from a construction loan, which typically includes both land purchase and building costs. Lot loans are ideal when:

  • You’ve found the land but need time to plan or save
  • You want to secure land in a competitive area
  • You’re waiting for permits, builder availability, or design completion
  • You’re investing in land for future resale or development

Learn more about land and lot loans from Consumer Financial Protection Bureau’s mortgage tools

Key features of lot loans

  • Finance land only, no construction planned
  • Available for raw or improved lots
  • Flexible terms from 3 to 15 years
  • Bridge to future construction financing
  • Can be refinanced into a construction loan later

We can also help you plan ahead with lot + construction loan packages if you expect to build within 12–24 months.

Do you qualify for a lot loan?

You may be eligible if:

– You’ve identified a residential-zoned lot or parcel
– You plan to build a primary or second home on the property
– You can make a down payment (often 20–30%)
– You have good credit and stable income

Lot loans typically require an appraisal and proof of access to utilities or buildability, but we’ll walk you through every step.

If you’re ready to invest in land across Colorado from foothills plots to rural acreage, we’ll help you find the right loan for your timeline and budget.

Call or text us at 303-670-0137, email rbaxter@choicemortgage.com, or request a land loan quote. Let’s get your land loan started.