Loan Options

Land Lot Loans

Secure the Perfect Spot for Your Dream Home

Found the perfect land to build your dream home? Whether you plan to build your home right away or a few years from now, GMM is here to help you get started. Our Land Lot Loan is a loan that can be used to finance the purchase of land or a lot property for your new home.

What is a Land Lot Loan?

If you are interested in owning a piece of property for a home, but are not quite yet ready to build, a land loan can give you the opportunity to secure the land you want without tying you down to specific building deadlines.

Undeveloped Land Loan

Raw land loans are designed to provide funding on property that is completely devoid of improvements. This particular type of financing would apply on a piece of land that has no existing utility lines or even easy access to them, for example.

Developed Land Loan

Unlike raw land, lot land has some type of infrastructure already in place, such as lines for electricity and water, those that have provable access to lines and also those that are already located on paved roads. Lot land is usually building space for residential construction in developed areas.

Available in the following lending territories: VA, MD, DC, NC, SC, WV and PA.*
*Property must be located within 90 miles from a United Bank branch.

Get Started on Your Journey Home

Knowledge Base

2021 – The Year For The Home Buyer And Seller

By: David H Stevens, CMB In my almost forty years in the real estate and mortgage finance business, there have been a variety of cycles …

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Building

David H. Stevens Named New Advisor to the George Mason Mortgage Board of Directors

David H. Stevens, CMB, (Dave) is a 36 year veteran of the Mortgage Banking industry. Dave served as the President and CEO of the Mortgage …

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What to Expect From a Biden Regime

David H Stevens, CMB is the CEO of Mountain Lake Consulting, Inc and an advisor to George Mason Mortgage. David was the CEO of the …

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The Federal Reserve, the Housing Market, and Mortgage Rates

The housing economy is one of the remarkable stories we will remember about the COVID experience in the USA. In March when the nation shut …

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FHFA Announces Conforming Loan Limits for 2021

Fannie Mae and Freddie Mac Baseline Limit Will Increase to $548,250 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan …

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Have You Heard? Refinance and Remove FHA Mortgage Insurance

Refinancing your FHA loan to a conventional mortgage may clear room in your monthly budget, especially with interest rates hovering at historic lows. FHA Mortgage …

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