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 | Index | CAP | Margin |
|---|---|---|---|---|---|---|
| 0 Points | 3/1 | 5.500% | 5.595% | 1 YR Treasury | 2/6 | +5.250% |
APR: Annual Percentage Rate is based on a $150,000.00 loan amount; 15 YR amortization.
Rates are subject to increase after consummation/first adjustment.
Ceiling not to exceed 18.00%; floor not to fall below 5.250%.
Down Payment Requirements: a 30% down payment is required.
Rate Lock Policy: LFCU will rate lock for 60 days for a fee of $500.00 and is refunded upon receipt of closing from attorney; fee is non-refundable on withdrawn applications; fee and rate lock are forfeited on loans closed after the 60 day period; fee is automatically refunded on denied applications.
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