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.

Land

PointsTermRateAPRIndexCAPMargin
0 Points3/15.625%6.451%1 YR Treasury2/6+4.00%

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 4.00%.

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lock for 60 days for a fee of $500.00 and is refunded upon receipt of closing from attorney; fee is non-refundable on withdrawn applications; fee and rate lock are forfeited on loans closed after the 60 day period; fee is automatically refunded on denied applications.

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