If you want to purchase a lot at Natures Parkway Estates, and your intending to build within 4 years,  lot loans are available through The Necedah Bank, as well as construction loans and  permanent mortgages.
 

Margie Hajdas
email: margie@thenecedahbank.com
 

Kevin Ravenscroft
kevin@thenecedahbank.com
 

Phone# 608-565-2296
Fax# 608-565-7944
 

What is a lot loan:






 

• A lot loan is a loan from a lending institution such as THE NECEDAH BANK to finance the purchase of a plotted lot.
  
  Then when you are ready to build, the lot loan coverts to a construction loan to fund the building of your new home.
  
  After construction is complete, the construction loan then coverts to a permanent mortgage.
   
• Lot loan for 1-4 family non-owner occupied properties will be considered.
   
• This program is not intended to be used for vacant land purchased for agricultural or hunting use.

• You would want a lot loan if you are planning
  to build a primary or second/vacation home
  within 4 years.
   

What is needed for a lot loan:

• 10% to 15% minimum down payment
   
• Plans to build a new primary or second/vacation home within 4 years.

The Necedah Bank - Lot Loan Terms:

• 1 to 4 year balloon mortgage with a maximum amortization rate of 20 years.

Closing Costs:

• Closings costs for lot loans range from $400 to $700.

Documentation needed when
applying for a lot loan:

• (1) Current pay check stubs (2) Your W-2 from the most recent year.
   
• If you are self employed, you will need your past 2 years tax returns.
   

How To Apply:

• Call Marge or Kevin at THE NECEDAH BANK  and ask to be sent a  loan application packet, or email:  margie@thenecedahbank.com, kevin@thenecedahbank.com
  Phone# 608-565-2296