Land and Lot Loans
Your dream home starts with the perfect spot
If you've found the best place for your dream home, but you're not quite ready to build, RGCU's Land Loan is the solution for you. It is an easy an easy and affordable way to purchase a residential lot or land suitable for construction of your new home.
Lot and land loan features
- Up to 80% LTV or 90% of cost, whichever is less
- Interest-only payments
- Easy conversion to a construction loan
Get your lot or land loan today
What are land loans?
Building your dream home begins with finding the right location. A land loan is money given to a borrower to buy the land for a primary or secondary residence. A land loan is different from a construction loan in that the lot loan pays for the land the home will be built on, while the construction loan pays for the construction of the home itself. Use our land loan calculator to get started.
How does a land loan work?
A land loan is used to finance the purchase of land. They are typically short-term loans with higher down payments and interest rates.
How much is a down payment for land or a lot?
The down payment for a lot is anywhere from 20% to 50% of the purchase price. The down payment is usually higher for raw land, while the down payment is lower if the land is a lot where a home will be built.
How can I finance a land loan?
The process to finance a lot loan is simple and affordable. We offer up to 80% financing on approved credit with fully amortizing fixed-rate and balloon options. We also offer easy conversion to a construction loan. Get started by filling out our easy online application.