The piece of land you want is within reach
When you're ready to build, get a piece of land that works for your goals with a Bare Land Loan from SFCU. With competitive rates and flexible terms, it has never been easier to purchase the piece of land you need.
Variety of Uses
Enjoy the flexibility to use the funds how you want with a Bare Land Loan that works for primary or secondary residences.
Multiple Ways to Apply
It's easy to apply for a Bare Land Loan from SFCU. Visit us in the branch or apply online in just a few minutes.
Variety of Terms
Find the Bare Land Loan that best suits your needs and budget with various rate types and repayment terms.
Rates
View ratesEstimate your monthly payment
Let's see what your monthly payment could be.
Monthly Payment
Use the funds how you need
Whether you're looking to purchase land for your primary or secondary residence, an SFCU Bare Land Loan can help! You have the financial flexibility to use the loan funds to purchase just about any land property you need. You can even refinance your existing land loan to lower your rates.
Choose the Bare Land Loan that works for you
There are plenty of Bare Land Loan types to fit just about any budget. Choose from a variety of repayment terms and rate types to get the monthly payment exactly where you need it.
I had the easiest loan process in my life.
-
1
Complete an application
Apply with one of our expert Mortgage Specialists
-
2
Get response
We'll crunch the numbers and let you know if you're approved.
-
3
Use the Funds
Purchase the lot of land of your dreams!
Have a question? Get in touch with us
Get the land, build your castle
With a Bare Land Loan from SFCU, you can get flexible rates and terms to purchase the land of your dreams without breaking your budget.
Mortgage Rates
| Type of Loan | Term (Approx.) | APR (as low as) | Monthly Payment Example 1 |
|---|---|---|---|
|
1st Mortgage |
10 Yr |
6.375% |
$1,129.13 |
|
15 Yr |
6.500% |
$871.11 |
|
|
20 Yr |
6.750% |
$760.36 |
|
|
30 Yr |
7.125% |
$673.72 |
|
|
Vacation & 2nd Homes |
10 Yr |
7.375% |
$1,180.50 |
|
15 Yr |
7.500% |
$927.01 |
|
|
Bare Land Loan |
12 Yr |
10.500% |
$1,224.14 |
as of 08/21/2023
¹ Monthly Payment Examples assume a loan amount of $100,000. Taxes and insurance premiums are not calculated into the example which could result in a higher monthly payment.
- Credit Union membership is required with minimum deposit of $5.
- 1st Mortgages must be a 1-4 unit & owner occupied, except for vacation/second home programs.
- Vacation/Second Homes have a maximum LTV of 80%.
- The bare land loan requires 30% down and is for purchases only.
- Jumbo mortgages are available and are 0.25% higher. Contact the Credit Union for details.
- Escrow may be required.
- Loans greater than 80% require PMI.
- Proof of homeowner’s insurance required. Proof of flood insurance may be required.
- Contact the Credit Union about maximum LTVs based on unit and purpose.
- Mortgage loans are available in NYS only. Loan must meet credit, appraisal, and other guidelines. Title insurance is required.
- Rates are subject to change at any time. The Credit Union reserves the right to modify or suspend any conditions of the loan programs at any time without prior notice.
NMLS #609016
Test Modal
Modal Content
Ea rerum vel molestiae omnis molestias. Et ut officiis aliquam earum et cum deleniti. Rerum temporibus ex cumque doloribus voluptatem alias.
| Column Title | Column Title | Column Title |
|---|---|---|
|
Cell Value updated again |
Cell Value |
Cell Value |
|
Cell Value |
Cell Value |
Cell Value |
|
Cell Value |
Cell Value |
Cell Value |
|
Cell Value |
Cell Value |
Cell Value |
|
Cell Value |
Cell Value |
Cell Value |
Rates Effective as of: September 28, 2023
{Optional: Insert table disclosure information}
Open Account
Leaving Our Website
You are leaving our website and linking to an alternative website not operated by us. We do not endorse or guarantee the products, information, or recommendations provided by third-party vendors or third-party linked sites.