Land loan: lot or bare land

Buy the land you need to build your dream home with a land loan from Oregon State Credit Union. Check today's land loan rates here and apply online.

Apply here | Land loan at Oregon State Credit Union

Land Loan Purchase
Description Rate APR Points Disclosure
Land Building Lot 7.625% 7.862% 1%Disclosure
Land unimproved Property 8.625% 8.869% 1%Disclosure

If you have questions about a land loan or borrowing to buy a lot or bare land, contact a mortgage loan officer here.

Financing for two kinds of land

We offer land loans to purchase two kinds of property, with easy online application:

  1. Building lots within city limits

  2. Bare land (up to 10 acres) with basic improvements and utilities

$500 reduction off lenders fees

The $500 reduction off lenders fees is valid for Premier Members. This offer is not valid for Short Term Second Lien Home Equity Loans. See a Mortgage Loan Officer for further details and how to qualify for Premier Membership.

Is a Land loan right for you?

A Land loan is perfect if you want:

  • To buy a piece of property to build a dream home

  • A fixed interest rate

  • To build equity for future construction

Land loan features

  • Finance up to 80% of the value of the land

  • 15-year term

  • Local decisions

  • Fixed interest rate, fully amortizing

  • No pre-payment penalty for early payoff

Here's an example of Land loan terms

Loan example: On a 15-year land loan of $180,000 and an estimated property value of $240,000 at 5.15% APR (interest rate 5.00%), monthly payments would be $1,423.43. Rate is based on specific product type. All loans subject to approval.

Apply now for a loan to buy land

Use our online application to start your land loan today with Oregon State Credit Union.

Apply here | Land loan at Oregon State Credit Union

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