Explore and compare options among 245 land loan lenders serving East-Peoria, IL.
The average price for an acre of land in IL is $28,075. The loan-to-value (LTV) ratio for undeveloped land spans from 16.51% to 52.08%, while the estimated LTV for developed land lies between 36.20% and 75.28%.
The real value and the loan LTV of any land depend on factors such as its location, size, topography, zoning, and any entitlements attached to it.
Learn about your land loan choices and rates by contacting the top land loan lender in East-Peoria, IL.
With the help of Lendersa® AI technology, your loan request is quickly matched with hundreds of direct hard money lenders to meet all your needs. Discover the most competitive land loan rates today for financing any type of vacant land or land with construction in IL.
Understanding Land Loans and Their Value
To maintain your credit score, avoid unnecessary inquiries. Get preapproved for your land loan without needing to provide your social security number or other sensitive financial details.
Both construction loans and blanket loans are central to vacant land lending; you might be eligible for 100% LTV by securing additional property as collateral (blanket loan).
Looking for Hard Money Lending Nearby?
Locating a private investor through a local hard money broker can significantly increase your chances of obtaining a loan. In East-Peoria, IL, land loans are best arranged by local lenders familiar with the area. Proximity between the investor and the property enhances the likelihood of approval and speeds up the funding process.
Utilize Lendersa® land loan calculator to find vacant land loan lenders within the zip codes 61611, 61612, 61635.
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.
The Atlanta National Bank is a branch office of The Atlanta National Bank. They’re located in 105 SW Church St in Atlanta, Illinois. Their bank charter class is N, which means they’re a commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC).
The State Bank of Graymont was founded in 1913. Organizers for the State Bank of Graymont were headed by a Pontiac banker from the old National Bank of Pontiac. Other younger officers from the National Bank of Pontiac were also involved. Plus, there were other investors from the Pontiac area along with several investors from the Graymont area.
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.
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.
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.
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.
Allied First Bank is Oswego's only true community bank. We're Your Hi-Tech Hometown Assist with a full range of consumer, commercial, and mortgage products and banking services. The bank is a centerpiece of the community with its creation and sponsorship of the Oswego CrossTown Challenge.
At Resource Bank, we believe the relationship between a bank and its clients should be based on a mutual trust; something that will last for years and benefit you for a lifetime. For more than a century, we’ve taken pride in giving you individual attention - from people who really care.
The First Bank of Manhattan has been providing high quality, full service personal and business banking services to Manhattan and our neighboring communities of New Lenox, Elwood, Wilmington and Wilton Center.
The bank offers a full range of deposit products such as Checking, savings, CD’s, IRA’s, children’s and teen’s accounts.
