Old Second offers unique specialty programs that are not commonly available with other mortgage lenders. These programs include vacant lot, construction, and bridge loan financing.

Vacant Lot Programs

If you are purchasing a vacant lot where you will eventually construct a new primary residence, we offer competitive short and intermediate-term financing.

Construction Loan Programs

If you are building a new primary residence or if your builder requires that you carry the interim financing on the new construction, we have a construction solution that will fit your needs.

Bridge Loan Programs

A bridge loan enables a homebuyer to get financing to make a down payment and pay closing costs on a new home before selling property currently owned. A bridge loan is also referred to as “gap” financing.

Where a Bridge Loan might be useful:

• Temporary loan on current residence, with no debt to be needed once home sells



• Temporary loan on current residence and a permanent mortgage on new home



• Temporary loan on both current residence and on new home being purchased

Regardless of your specialty loan program needs, an Old Second representative can assist you in determining the most effective way to obtain the financing. Contact us for information.