Construction Loans are short-term interim loans used for financing the cost of construction. The Lender advances funds to the builder in periodic intervals as the work progresses. A Lot Loan is for people who are planning to build a primary or secondary home, but are not currently ready to build. It is used to secure the lot, and can later be converted to help fund construction of the home. It allows for flexible rate and payment options. Apply Now to see about a FREE Consultation.