Personal Lot Loans
Frost can help you realize your dreams of purchasing a residential lot and building your home. Frost Lot Loans feature:
- competitive fixed interest rates
- 0.25% rate discount with automatic payments from a Frost Checking or Savings account
- rates and terms vary on loans $150,000 and greater
Interest Rates
| Balance / LTV (Loan to Value) | Annual Percentage Rate (APR) |
|---|---|
| $5,000 - $149,999 / 75% LTV | 6.63% |
| $150,000 - $299,999 / 75% LTV | 6.63% |
| $300,000 - $500,000 / 70% LTV | 6.38% |
| $500,001 and over / 60% LTV | 6.38% |
Annual Percentage Rate effective as of 01/16/2021.
Payment Example: A loan of $75,000 for 5 years at a simple interest rate of 6.63% would yield a payment amount of $658.70 per month with a final payment of $57,334.52 and an annual percentage rate (APR) of 6.63%.†
Loan Term
- 5 years with a 15-year amortization
How To Apply
It's easy to apply for a Frost Lot Loan. It takes about 15 minutes and you'll receive an answer in approximately two to four hours during normal business hours.
To apply, call a Frost Banker at (866) 376-7889 or visit your local Frost financial center. Just bring:
- your government issued photo ID such as a driver's license, state ID or U.S. Military ID
- your Social Security number
Loan Amount
Borrow up to 75% of the sales price or appraised value (the lower of the two) on lots valued up to $300,000
Origination Fees
- 1/2% Origination fee on all Lot Loans