Vacant Land loan Chicago, Illinois [2026with AI]

The typical cost for an acre in IL is $51,687. LTV ratios for undeveloped land range from 17.79% to 66.44%, while for loans on developed land in ILName, the estimated LTV can be between 37.22% and 76.36%.

The real value and LTV of a piece of land depend on its location, size, topography, zoning, and any entitlements it has.

To find out more about your land loan options and the rates available, contact the top land loan lender in Chicago, IL.

The advanced land loan calculator

Lendersa® AI technology ensures all your hard money lending needs are met by promptly matching your loan request with numerous direct hard money lenders. Discover the best land loan rates today to finance various types of vacant land or land with construction in IL.

Understanding land loans and values

Avoid unnecessary inquiries to protect your credit score. Preapproval for your land loan is available without needing your social security number or sensitive financial information.

Construction and blanket loans are crucial for vacant land financing; by pledging additional property as security (blanket loan), you may qualify for up to 100% LTV (Loan to Value) financing.

Searching for hard money lending nearby?

Locating a private investor through a local hard money broker significantly improves your chances of getting a loan. Land loans in Chicago, IL are best arranged by local lenders familiar with the area. A shorter distance between the investor and the property boosts approval odds and speeds up the funding process.

Make use of the Lendersa® land loan calculator to find vacant land loan lenders within the zip codes 60018, 60649, 60641, 60640, 60643, 60642, 60645, 60644, 60647, 60646, 60616, 60617, 60614, 60615, 60612, 60613, 60610, 60611, 60618, 60619, 60827, 60638, 60639, 60634, 60636, 60637, 60630, 60631, 60632, 60633, 60605, 60604, 60607, 60606, 60601, 60603, 60602, 60609, 60608, 60106, 60661, 60660, 60659, 60652, 60653, 60651, 60656, 60657, 60654, 60655, 60623, 60622, 60621, 60620, 60626, 60625, 60624, 60629, 60628, 60707, 60499, 60664, 60666, 60668, 60669, 60670, 60673, 60674, 60675, 60677, 60678, 60680, 60681, 60682, 60684, 60685, 60686, 60687, 60688, 60689, 60690, 60694, 60695, 60696, 60699.

(563) 589-2000 Lender's profile and map Reviews Dubuque Bank and Trust Company 1398 Central Ave, Dubuque, IA, 52001 Lends in Illinois At Dubuque Bank and Trust, decision making is kept to a local level and bankers are unwaveringly committed to deeply understanding every intricacy of every customer’s financial relationship. Because when that happens, a bank, even one with over $19 billion in assets and the backing of a company with national.
(309) 647-5000 Lender's profile and map Reviews MidAmerica National Bank 100 West Elm Street, Canton, IL, 61520 Lends in Illinois MidAmerica National Bank has offices located in Canton, Cuba, Henry, Lewistown, & Macomb and provides full-service banking to its customers. Throughout its history, MidAmerica National Bank’s principal guiding force has been the desire to serve the community and its residents. We pride ourselves on our local decision making at each banking center.
(217) 875-3131 Lender's profile and map Reviews Hickory Point Bank & Trust 225 North Water Street, Decatur, IL, 62523 Lends in Illinois Hickory Point Bank is proud to call Central Illinois home. It’s that pride that shapes us and influences the way we interact with our customers and our communities. What affects you, affects us, and that includes everything from the economy to the weather to the results of last night’s games.
(309) 584-4146 Lender's profile and map Reviews Farmers-Merchants Bank of Illinois 101 W Main St, Joy, IL, 61260 Lends in Illinois Farmers-Merchants Bank of Illinois, formerly known as Joy State Bank and Farmers-Merchants National Bank of Paxton, has served Illinois communities for more than 100 years. We strive to maintain the values that have driven the bank’s longevity: friendly customer service and a wide range of valuable products and services.
(217) 993-6260 Lender's profile and map Reviews 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) 452-3041 Lender's profile and map Reviews 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.
(855) 696-4352 Lender's profile and map Reviews Midland States Bank 1201 Network Centre Drive, Effingham, IL, 62401 Lends in Illinois Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of September 30, 2021, the Company had total assets of approximately $7.09 billion, and its Wealth Management Group had assets under administration of approximately $4.06 billion.
(217) 925-2265 Lender's profile and map Reviews Dieterich Bank 101 S Main St, Dieterich, IL, 62424 Lends in Illinois We are a community bank, with community values. Our employees are your friends and neighbors, which is why we are so passionate about helping our customers and the communities we serve. Live for Today. Bank for Tomorrow. We’ve served the people of Illinois for over 100 years. Now, the good people of Edwardsville are also in those ranks!