Secure your plot, build your dream

Secure the financing you need to buy land and worry about building your dream property later with a Webster First land loan. Our loan experts are here to help guide you from application to closing. To apply, you must be 18 years of age or older and live, work, worship, or attend school in Essex, Middlesex, Suffolk, or Worcester County.

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Land loan program details

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Low rates

Enjoy competitive rates that make financing more affordable.  Rates as low as 5.598% APR1

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Flexible terms

Choose from terms available between 1 and 10 years, tailored to suit your timeline.

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Up to 75% financing

Finance up to 75% of the purchase price, giving you more financial flexibility.

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No pre-payment penalties

Pay off your loan faster by making extra payments to your principal balance without additional charges.

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Building your dream home?

Whether you’re planning to build now or later, we’re here to support your goals every step of the way.

Home lending rates

Type Rate APR1,4 EMP3 (per $1,000)
Adjustable Rate Mortgages12
5&1 Fixed Variable12 5.875% 5.978% $5.92
7&1 Fixed Variable12 6.000% 6.104% $6.00
7&3 Fixed Variable12 6.125% 6.230% $6.08
10&5 Fixed Variable12 6.250% 6.357% $6.16
 
Convertible 1 Yr Adjustable12 5.375% 5.473% $5.60
1 Year Adjustable12 5.375% 5.473% $5.60
3 Year Adjustable12 5.625% 5.725% $5.76
7&1 Variable 40 Year12 6.250% 6.341% $5.68
Land Loan11,12 5.375% 5.598% $10.79
 
Fixed Rate Mortgages
15 Year 6.000% 6.174% $8.44
20 Year 6.500% 6.644% $7.46
30 Year 6.875% 6.988% $6.57
40 Year 7.125% 7.226% $6.31
First Time Homebuyers 6.750% 6.822% $6.49
Annual Percentage Rate accurate as of May 15, 2025.

Take the first step toward your dream home

Your dream starts here. Whether you’re buying your first plot of land or your final one, Webster First is your trusted partner for financing with confidence. Our dedicated loan center team is happy to answer your land loan-related questions or provide assistance with completing an online land loan application.

(774) 823-1665

Monday – Wednesday: 8:00 a.m. – 4:30 p.m.
Thursday & Friday: 8:00 a.m. – 5:00 p.m.
Saturday & Sunday: Closed


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Award-winning service

America's Best Regional Banks and Credit Unions Newsweek 2025. Plant-A Insights Group.

2025: Newsweek Best Regional Banks and Credit Unions

2024 Winner: Best of Central Mass

2024: Newsweek Best Regional Banks and Credit Unions

2023 Winner: Best of Central Mass

2023 Top Lender: Banker & Tradesman

Webster First 5-Star Bauer Rating Badge

Rated 5 Stars by Bauer

2022 Top Lender: Banker & Tradesman