534 Construction Loan Lenders with AI in Salem, Illinois 2025

Lendersa® list of construction loan lenders in Salem, IL include regional banks, national lenders, and local hard money lenders utilizing private money for your ground-up construction or major rehab.

Lenders calculate to construction cost in Salem, IL of 2,000 Sf home at $209,360 for basic construction to $382,783 for fancier contraction. Interest rate and the construction loan terms are varied depending on the borrowers' financials, the LTV, ARV, and type of lender selected.

Compare loan offers from 100 lenders

The magic construction loan calculator

To ensure all of your construction financing needs are being met, Lendersa® AI technology will instantly match your loan request with hundreds of construction lenders. You can now discover the best construction rates to fund ground-up construction fix N flip or major rehab on residential and commercial properties in Illinois.

Construction loan lenders near you?

Avoiding unnecessary inquiries will reduce your credit score. Get preapproved for your land loan without the need to see your social security number or any sensitive financial information.

You may qualify to get 100% LTV (Loan to value) financing when you agree to pledge additional property as security (blanket loan).

Use Lendersa® land loan calculator to find vacant land loan lenders in zip codes 62881.



  • Central State Bank
  • 900 S. 12th St, Quincy, IL, 62301
  • Central State Bank is a locally-owned community bank serving West-Central Illinois & Northeast Missouri with the latest technology, the quickest decision-making, & the simplest solutions for your personal, business, or agricultural banking needs. Central State Bank was originally chartered as Clayton State Bank in the small village of Clayton, IL.
  • HomeBank
  • 400 S Main St, Palmyra, MO, 63461
  • HOMEBANK Headquartered in Palmyra, MO since 1934, we have 9 branches throughout Mid and Northeast Missouri and Quincy, IL. All our lobbies are open again during normal business hours. Our friendly Customer Service Representatives and Loan Officers would love to meet with you in person
  • First Trust and Savings Bank
  • 120 East Walnut Street, Watseka, IL, 60970
  • At The First Trust and Savings Bank, we believe that banking is personal and relationships are valued. It is important to take the time to visit with you about the many issues that affect your finances and your future. Our objective is to match you with the product and service that is right for your needs, from checking.
  • State Bank of Herscher
  • 10 Tobey Drive, Herscher, IL, 60941
  • The State Bank of Herscher was chartered in 1902 by a group of residents who understood what a local bank meant for the well-being of their community. The growth that we have experienced since that time has allowed us to move to our present location in Herscher as well as expand to Limestone.
  • Merchants Capital Corp
  • 410 Monon Blvd, Carmel, IN, 46032
  • Merchants Capital is a multifamily, affordable and healthcare lender offering a direct way to access fixed-rate, long-term, non-recourse financing via our bank, Merchants Bank, all with a single point of contact. We strive to provide the best origination and service of loan products with exceptional customer service, accuracy, creativity
  • Republic Bank & Trust Company
  • 2001 Newburg Road, Louisville, KY, 40205
  • Republic Bank has grown to become the largest locally-owned community bank in Kentucky. With 45 banking centers in Kentucky, Indiana, Florida, Tennessee and Ohio, and $5.1 billion in assets, Republic is dedicated to meeting the needs of consumers, small business owners and large corporations by offering a full range of competitive products.
  • National Bank of St. Anne
  • 158 W Station Street, Saint Anne, IL, 60964
  • National Bank team of hard-working community members that help our neighbors with all things banking - when you grow, we grow. We know customers are always striving for more, and being the locally trusted financial leader, we are giving our customers personalized options that make banking simple, yet effective
  • Kairos Equities
  • 1941 Bishop Ln, Louisville, KY, 40218
  • Kairos Equities is a private lender headquartered in Louisville, KY providing investors across the US with capital for a multitude of loan types. Their lending parameters are versatile and creative, offering loan amounts from $50,000- $20,000,000 with a maximum LTV of 90%, and rates starting at around 5%.
  • Grandbridge
  • 4938 Brownsboro Rd, Louisville, KY, 40222
  • "We specialize in commercial and multifamily real estate capital markets financing, servicing loan portfolios, providing asset and portfolio management, and real estate brokerage services on a national basis. We're ranked a ""Strong"" Commercial Loan Primary Servicer by S&P Global Ratings and have broad capital provider base of over 100 sources"
  • Midwest BankCentre
  • 200 E Broadway, Monmouth, IL, 61462
  • Midwest Bank is proud to be a locally-owned, community bank. Our employees understand that the foundation of our business is built on the relationships we have with our customers. We serve the communities with courtesy, professionalism and integrity; our customers are our neighbors, friends and family.