Land Loans

This land is your land...at least it can be, with a Land Loan from First Commerce! We offer competitive rates and flexible terms to help you buy unimproved property in Florida or Georgia.

  • Any size lot within a recorded subdivision or up to 40 acres outside a subdivision
  • Financing up to 90% of appraised value
  • Fixed, adjustable, and interest-only rate options
  • Maximum loan amount of $500,000
  • Assistance from experienced local loan officers
  • Simple application process
  • Quick local approval decisions
  • First mortgage only

Fixed Land Loan Rates

Terms Annual Percentage Rate Payment per $1,000 Borrowed
5 years or less 6.99% – 7.99% $19.81 – $20.28
5 to 10 years 7.99% – 8.49% $12.14 – $12.40
15 to 20 years ($40,000 minimum) 8.49% – 9.24% $8.68 – $10.30

Interest-only land loans

  • Rate set at prime with balloon at 3 or 5 years with a floor of 4.5%
  • 85% loan to value
  • Loan amounts from $5,000 to $500,000

Adjustable rate land loans

  • Rate set at prime to prime + 2% with a floor of 4.5%
  • 15-year term
  • 80-90% loan to value
  • Loan amounts from $5,000 to $500,000

See a Financial Services Officer for complete details.

If you have questions or need assistance, please contact a Financial Services Officer at 850.488.0035 or 1.800.533.5772 or stop by any of our locations.

Loans available to purchase vacant lots or land, as well as loans to pull out the equity in a parcel you already own. We will finance up to 90% of the appraised value. Florida and Georgia Properties only. Contact a Financial Services Officer for details. The rate you receive is determined by a credit review and the term of your loan.