Land Loan for Lot or Bare Land
Our Land Loans come with flexible terms, competitive rates and low fees, giving you time to plan your dreams.
Your land. Your timeline.
KEY BENEFITS
Flexible financing
Fixed-rates
Local support
Why choose an OSCU Land Loan?
Whether you’ve found the perfect lot to build right away or want to secure that land parcel for your future home, a Land Loan offers flexibility and peace of mind.
Flexible Financing
- Finance up to 80% of the land’s value with as little as 20% down
- Pay off early with no pre-payment penalties
Fixed-Rate, Fixed-Term
- Pay off your loan in just 15 years with steady monthly payments and a rate that never changes
- Premier Members get $500 off lender fees*
Future-Ready Funds
Purchase your property now, build equity, and start your dream home when the time is right.
Local Support
Make decisions locally with people who know your community.
Land Loan Details: Your Loan, Explained
* The $500 reduction off lenders fees is valid for Premier Members. This offer is not valid for Home Equity Loans. See a Mortgage Loan Officer for further details and how to qualify for Premier Membership.
Rate incentives are available when you follow up your Land Loan with a residential Construction Loan from Oregon State Credit Union. Contact us for details.
On a 15-year land loan of $250,000 with an estimated property value of $287,500 at 7.32% APR (interest rate approximately 7.00%), monthly payments would be about $2,247.07. Rate is based on specific product type. All loans are subject to approval.
We offer land loans to purchase two kinds of property:
- Building lots — Defined as a lot within city limits that has immediate access to public utilities (streets, gutters and sidewalks in place). Intended for residential builds only.
- Bare Land — Defined as 1–10 acres with basic improvements and utilities (septic system and drain fields). Intended for residential builds only.
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More ways to finance your home goals
Already a homeowner? Explore refinancing options or learn how to put your home equity to work.
