Elegment Land • Partner Banks

Elegment Land is proud to partner with several reputable lenders to simplify your land purchase. Our trusted partners, First National Bank of Eagle Lake, Capital Farm Credit, and Rural 1st Lender offer competitive land and lot loan options to help you achieve your dream of building your new home.

Texas – First National Bank of Eagle Lake

Shalor Townzen, EVP/CLO, President of Columbus Branch
The First National Bank of Eagle Lake
Office: 979-234-5591
Fax: 979-234-6956
408 Walnut Street, Columbus, TX 78934

Texas – Capital Farm Credit – Waco Branch

Shawna Ranly, VP Lending
Capital Farm Credit, Waco
Office: 254-776-7506
Fax: 254-741-9403
7000 Woodway Dr. Waco, TX 76712

Tennessee/Kentucky – Rural 1st Lending

Nathan McAfee, Loan Associate
Rural 1st Lending
Office: 502-420-3790
Fax: 502-630-1122
1601 UPS Dr, Louisville, KY 40223

Other options to consider.

Option 1: Tap into your Self Directed 401(K) or Self Directed IRA

Congress recently passed a bill that will let you take $100,000 from your 401(k).

You would be able to make the withdrawal without the 10% penalty that normally applies to those who are under age 59½.
You’d still need to pay any income taxes on the amount if you make profits.
The measure would give you three years to pay those taxes and replace the money you took out.

Option 2: Owner Finance with Elegment Land

We offer payment plan on most of our properties. We don’t charge pre-payment penalty or fees, so that you can pay off your land as early as possible. Ask us about payment plan details!

Partnering with Banks in Other States

We welcome the opportnity to work with banks that offer land/lot loans in other states. Are you a bank offering land/lot loans in Washington, Colorado, Tennessee, or Oklahoma? We’re seeking partnerships with qualified lenders to serve our nationwide network of land buyers. By becoming a preferred lender for Elegment Land Team, you’ll gain access to a pool of motivated buyers and streamline the loan process for our clients.