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December 7: Visit Santa and Mrs. Claus at the bank in Hortonville!
December 9: Last day to donate to our Holiday Food Drive.
December 15: We’re matching Red Kettle donations at Gilbert’s Sentry Foods in Hortonville!
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FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Have you found the perfect piece of land to call home? When it comes to financing a lot for your future home, Wolf River Community Bank has you covered. If you’re ready to put down roots, take advantage of our 4.99% APR* lot loan promotion!
Our lenders can help you every step of the way from the purchase of your lot, to your construction loan and permanent financing.
Here’s the deal
How to apply:
*APR = Annual Percentage Rate. Promotional rate valid on residential lots with new money only and a WRCB deposit account with direct deposit and automatic payment. One promotional rate per entity or individual. Limited time only. All rates and terms are subject to change without notice. All loans subject to credit approval. Maximum loan amount of $100,000. Down payment of 20% required. Other restrictions may apply. Valid in WI only. Example: The monthly payment for a loan of $50,000 with a 3-year term would be $395.22 with a final balloon payment of $43,144.11. APR is effective 10/6/2023.
A residential lot loan is a type of financing specifically designed to assist buyers in purchasing a vacant lot or land for residential purposes. It provides funds to acquire the lot, allowing you to secure the perfect location for your dream home.
A residential lot loan works similarly to a traditional mortgage loan. Once approved, the lender provides funds to purchase the residential lot. After the lot is purchased, you may choose to build your home or hold the land for future development.
Residential lot loans are specifically intended for purchasing residential lots or land. You can use the loan to acquire a vacant lot in a desired location, whether it’s in a suburban neighborhood, rural area, or a planned community. The loan is not typically intended for commercial, investment, or recreational purposes.
The amount you can borrow with a residential lot loan depends on several factors, including your creditworthiness, income, and the appraised value of the lot. We will finance up to 80% of the purchase price or the lot’s appraised value (whichever is lower).
We require a 20% down payment for a lot purchase.
The loan can be for a term of no more than 15 years, with an initial rate-lock of 3 or 5 years.
Yes, once you have plans and building specifications confirmed with your builder you can start the building process. Learn more about our construction loans.
