- Loan program for the purchase of improved real estate as a future home site.
- Maximum loan-to-value 75%.
- Maximum lot size is 20 acres.
- Five year maturity (due and payable); amortized over 20 years.
- Fixed rate loan--no prepayment penalty.
- No gifted funds / secondary financing not permitted.
- One lot loan per customer—must have recorded road access to property.
- Site improvements include water, power accessible to property, road access and copy of soils analysis that was completed within the last 5 years, plus perk test.
- Property value for determining financing amount is based on the purchase price or appraised value, whichever is less.
NOTE: All terms and conditions are subject to change without notice.Apply Online