When 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||6.500%||6.833%||$19.57|
|0 Points||10 Year||7.500%||7.682%||$11.87|
|0 Points||15 Year||8.500%||8.634%||$9.85|
|1 Point||5 Year||6.375%||7.012%||$19.51|
|1 Point||10 Year||7.375%||7.721%||$11.81|
|1 Point||15 Year||8.375%||8.631%||$9.77|
|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lock for 60 days for a fee of $500.00 which is refunded upon receipt of closing from attorney; fee is non-refundable on withdrawn applications, fee and rate lock are forfeited on loans closed after the 60-day period; fee is automatically refunded on denied applications.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/