Construction Loan Lenders in Chatham, IL (2026)

Lendersa® offers a comprehensive listing of construction loan providers situated in Chatham, IL. This list includes a variety of lending options such as well-known regional banks, large-scale national lenders, and local hard money lenders who utilize private funds. These lenders provide financing for ventures that range from new, ground-up construction projects to extensive rehabilitation tasks. Whatever your building aspirations may be, this list is crafted to cater to your financial needs, offering a spectrum of solutions meant for both residential and commercial undertakings.

Within the Chatham, IL vicinity, the estimated cost of constructing a 2,000 square-foot residence varies. Lenders offer assessments ranging from a minimum of $210,229 for fundamental construction requirements to $383,652 for more elaborate, high-end projects. The corresponding interest rates and the terms of construction loans can differ greatly. They are influenced by multiple factors including the financial condition of the borrower, the loan-to-value (LTV) ratio, the after-repair value (ARV), and the specific type of lender you opt for. This ensures that the loan conditions are adaptable to suit your unique circumstances and preferences.

Explore and thoroughly compare loan proposals from an extensive array of 100 different lenders, guaranteeing access to the best possible financing available.

Your ultimate construction loan calculator

Using Lendersa®’s advanced AI technology, your construction financing needs will be expertly addressed. The AI system promptly aligns your project’s specific loan request with a diverse pool of construction lenders, ensuring an optimal match for your particular requirements. You now have the opportunity to find outstanding construction rates tailored for funding endeavors from ground-up construction to fix-and-flip strategies or major overhauls. These options are available for both residential and commercial properties across IL, providing you with the necessary flexibility and reach to cover all investment needs.

Seeking out construction loan providers near your location?

Maintaining your credit score is crucial, so minimizing unnecessary credit inquiries is paramount. Each redundant inquiry can negatively affect your score. Preapproval for your land loan is available without needing to submit your social security number or any private financial information, protecting your personal data and enhancing security.

Additionally, you might qualify for 100% LTV (Loan to Value) financing, provided you agree to pledge additional property to secure the loan under a blanket loan agreement. Such financing can significantly alleviate the upfront financial burden and broaden your access to funds.

Leverage the Lendersa® land loan calculator to locate vacant land loan providers across designated zip codes, listed as 62629. This valuable tool is essential for identifying the best-suited lending institutions to meet your specific land acquisition needs, ensuring you secure favorable loan conditions and terms to maximize your investment potential.

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CONSTRUCTION LOAN LENDERS

Chatham Construction Loan Lenders
(217) 993-6260 Lender's profile and map Prairie State Bank and Trust 3751 W Wabash, Springfield, IL, 62711 Lends in Illinois Prairie State Bank & Trust is a community Bank with over $700 million in total assets, over 150 employees and 20 Bank locations throughout central Illinois. Prairie State Bank & Trust is the successor to a group of smaller community Banks acquired as early as 1968. We merged these Banks together over the past 20 years.
(217) 528-2642 Lender's profile and map Illinois Educators Credit Union 3101 Montvale Drive, Springfield, IL, 62704 Lends in Illinois Illinois Educators Credit Union is a member-owned full-service financial cooperative with over $50M in assets serving 7,000 members. Founded in 1938, IECU operates from two locations in Springfield, Illinois and participates in the Co-Op Network, providing shared branching offices and free ATM locations across the state and country.
(217) 726-0613 Lender's profile and map Marine Bank 3050 Wabash Avenue, Springfield, IL, 62704 Lends in Illinois Marine Bank takes an active role in building Central Illinois. We are committed to making our communities better places to live because we live here, too. We recognize that improving the vitality and quality of life in Springfield, Champaign, Bloomington-Normal, Macomb, Rushville and surrounding areas is in the best interest of our customers
(877) 771-2316 Lender's profile and map INB, N.A. 322 E. Capitol Avenue, Springfield, IL, 62701 Lends in Illinois INB offers personal and commercial banking services. The INB team works to help customers have a life free of financial hardships. We help businesses by handling financial transactions through our lockbox services so they can focus on their core operations. We also provide mortgage and commercial loans.
(217) 237-4324 Lender's profile and map Midland Community Bank 112 Market Street, Kincaid, IL, 62540 Lends in Illinois Midland Community Bank is a full-service community bank serving the residents of Christian and Sangamon Counties. Some of the communities served are Kincaid, Tovey, Bulpitt, Taylorville, Edinburg, Pawnee and Springfield. In 1966, a group of local businessmen and residents began the process to organize a community bank to serve the Midland area
(217) 632-3241 Lender's profile and map Alliance Community Bank 321 N. Sixth Street, Petersburg, IL, 62675 Lends in Illinois Alliance Community Bank is a $325 million financial institution operating four full service bank locations in Menard and Sangamon Counties. Trust services as well as the non-insured ACB Wealth Management division compliment the full array of traditional FDIC insured banking products offered through the bank.
(217) 854-2674 Lender's profile and map CNB Bank & Trust 450 W. Side Square, Carlinville, IL, 62626 Lends in Illinois Our roots go back to the mid-nineteenth century with the founding of a bank in Carrollton, IL, in 1854. Prior to July of 2011 CNB Bank & Trust, N.A. operated as 4 individual sister banks under the Carlinville National Bank Shares, Inc. Holding Company; Carlinville National Bank, Citizens State Bank, Palmer Bank, and Cornerstone Bank & Trust, N.A.
(217) 479-4000 Lender's profile and map THE FARMERS STATE BANK AND TRUST COMPANY 200 West State Street, Jacksonville, IL, 62650 Lends in Illinois The Farmers State Bank and Trust Company has been proudly serving the Morgan County Community for over 100 years. The Farmers State Bank and Trust Company was organized in 1910 under a charter issued by the State of Illinois. Upon subscribing the necessary capital, a group of prominent businessmen.
(217) 452-3041 Lender's profile and map Petefish, Skiles & Co. 102 West Beardstown Street, Virginia, IL, 62691 Lends in Illinois On August 1st, 1870, the private banking firm of Petefish, Skiles & Co. Bank opened its doors for business in Virginia, IL. Samuel H. Petefish, Ignatius Skiles and Jacob Epler, all prominent local businessmen, started the firm with Richard Elliott as cashier. Mr. Epler retired after the first year and George Virgin was admitted to the firm.