LoginWhen you see the potential in a piece of property, take the necessary steps to make it yours. Fixed-rate and adjustable-rate loans are available to accommodate your short-term and long-term goals. Lending experts are prepared to discuss options and plans to help you prepare for your land purchase.
| Points | Term | Rate | APR | Payment Per $1,000 Borrowed |
|---|---|---|---|---|
| 0 Points | 5 Year | 6.750% | 7.167% | $19.68 |
| 0 Points | 10 Year | 7.750% | 7.902% | $12.00 |
| 0 Points | 15 Year | 8.750% | 8.863% | $9.99 |
| 1 Point | 5 Year | 6.500% | 7.330% | $19.57 |
| 1 Point | 10 Year | 7.500% | 7.952% | $11.87 |
| 1 Point | 15 Year | 8.500% | 8.834% | $9.85 |
| 2 Points | 5 Year | 6.250% | 7.489% | $19.45 |
| 2 Points | 10 Year | 7.250% | 7.923% | $11.74 |
| 2 Points | 15 Year | 8.250% | 8.747% | $9.70 |
APR: Annual Percentage Rate is based on a $100,000 loan amount, unless otherwise noted.
Down Payment Requirements: a 25% down payment is required; maximum 75% loan to value.
Payments do not include amounts for taxes and insurance premiums, if applicable. The actual payment obligation will be greater.
Rate Lock Policy: LUSO will rate lock for 60 days for a fee of $500.00 which is refunded upon receipt of closing from attorney; fee is non-refundable on withdrawn applications, fee and rate lock are forfeited on loans closed after the 60-day period; fee is automatically refunded on denied applications.
Please call for rates on adjustable land loans. /about/contact/