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
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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
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2
Get response
We'll crunch the numbers and let you know if you're approved.
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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.
Bare Land Loan Rates
| Term | APR | Monthly Payment Example |
|---|---|---|
|
12 years |
14.125% |
1560.19 |
as of 03/14/2023
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.
- All ARM products are based on a 30 year amortization
- 1st Mortgage, Owner occupied
- 80% of Purchase Price or Appraised Value whichever is less
- Greater than 80% LTV requires PMI Insurance
- Vacation Homes/2nd homes are .25% higher and require 20% down payment
- Manufactured Loans minimum down payment 20%, New Home only for ARM's; new and used available for fixed rates
- Escrow may be required
- One to four family primary residence; no commercial property
Adjustable Rate Mortgage rate and payment changes:
The rate indicated for adjustable rate mortgages is the initial rate and is subject to increase
For example; the 5/1 Year ARM will have a constant interest rate for the first five years. Adjustable rates may change annually based on an "Index".
Before each Change Date, we will calculate the new interest rate by adding the "Margin" to the "Current Index". The result will then be rounded to the nearest one-eighth of one percentage point (0.125%) which will be the new rate.
The rate may not adjust more than the "Max Rate change per Period" indicated above on each "Change Date". The total loan adjustment will not adjust more than the Lifetime Cap indicated above over the "Life time Change" of the loan.
NMLS# 609016
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Rates Effective as of: March 24, 2023
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