Land Loans
Secure the perfect piece of land now and build your dream home when the time is right.
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Turn Open Space into Opportunity with a Flexible Loan for Land
Secure the Right Property Before It’s Gone
Secure your land today and take your time planning and building the home or project of your dreams.
Build It Your Way
Unlike a construction loan, you’re not forced to start building immediately. You have time to choose your builder, layout, design, and construction timetable.
Buying Local? Ask a local!
TVFCU is the #1 Mortgage Lender in the area, and our local expertise means you get guidance you can trust when buying land.
We’ll Cover the Appraisal Costs
We cover your home appraisal fee, helping you to save over $600.
Secure the Right Property Before It’s Gone
Secure your land today and take your time planning and building the home or project of your dreams.
Build It Your Way
Unlike a construction loan, you’re not forced to start building immediately. You have time to choose your builder, layout, design, and construction timetable.
Buying Local? Ask a local!
TVFCU is the #1 Mortgage Lender in the area, and our local expertise means you get guidance you can trust when buying land.
We’ll Cover the Appraisal Costs
We cover your home appraisal fee, helping you to save over $600.
Buy Your Land. Build When You Are Ready
Not planning to build immediately? No problem! A land loan lets you secure the property you want now and gives you flexibility for the future. Use it to purchase undeveloped land for a home, commercial project, or investment. You can build when the time is right, lease the land for income, or sell it later — the choice is yours.
Here’s how our land loans work:
- Property type: Get a loan on unimproved or partially improved land with no structures and year-round access.
- Fixed and adjustable-rate loans: Choose the loan option that suits your budget and plans
- Flexible terms: Lot loans are typically shorter than mortgages. TVFCU offers loans with terms from 7 to 20 years.
- Down payments: Our land loans require a down payment of as little as 5%.
- Grow your stake: Your equity in the land increases as long as you own the land and continue to make payments.
- Equity Conversions: Use your stake in the property to help lower the cost of a construction loan.
- Refinancing available: Talk to TVFCU about a better deal on land that you already own.
- No Appraisal Fees - Save Hundreds!: At TVFCU, we’ll pay for your entire appraisal fee, saving you over $600 upfront to make it easier to secure the property you want*.
Don’t wait on your dreams. No matter where you are on your path to home sweet home, TVFCU is ready to help you achieve your goals with flexible, affordable financing and great local service. Click below to get started.
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We’ll Cover Your Appraisal Costs
We’re making real estate ownership easier for all of us! We’ll cover your entire land appraisal fee, saving you over $600. Here’s how it works:
- Purchase transaction resulting in new money to TVFCU in the amount of $25,000 or greater.
- Refinance of a mortgage with another institution, resulting in new money to TVFCU in the amount of $25,000 or greater.
- Refinance of an existing TVFCU mortgage, resulting in new money to TVFCU in the amount of $25,000 or greater.
- Offer valid as of January 1, 2026, subject to change. Some exclusions apply. Offer valid on portfolio loans only.
How to Get a Land Loan
- Step 1 - Get Pre-Approved
Become a member of TVFCU and complete our online application. Once pre-approved, you can shop for land with confidence. - Step 2 - Find Your Perfect Property
Take the time to locate the land that’s just right for your future dream home or commercial property. - Step 3 - Close Your Loan
Complete your final land loan application, get approved, accept terms, and close your financing. Take ownership of your property.
Land Loan FAQs
TVFCU typically requires you to put down as little as 5% of the value of a property to qualify for a land loan. Use our land loan payment calculator to see how different down payments affect your loan options.
Many credit unions, including TVFCU, do offer different types of land loans, often at lower rates and more flexible terms than those offered by large commercial banks. Credit unions also often have a better understanding of property markets in their area, and loan officers often have local connections and knowledge that you won’t find at bigger banks.
Your credit history plays an important role in qualifying for a land loan. Most lenders look for a credit score of around 680 or higher. While you may still qualify with a score above 600, it often means a larger down payment or a higher interest rate.
At TVFCU, borrowers with a 600 credit score may qualify for up to 70% loan-to-value (LTV), which typically requires a 30% down payment. With a stronger credit score—around 720—you may be eligible for up to 95% LTV, meaning as little as 5% down.
Keep in mind, your loan terms can also vary based on factors like the purchase price and whether the land is unimproved or already has utilities and other services in place.
Calculate Your Rate and Monthly Payment
Embarking on a homeownership journey is a major milestone, and choosing the right mortgage is crucial. These calculators can quickly help you determine the loan type and amount that’s right for you.
View CalculatorsMore Smart Ways to Purchase Real Estate
FHA Loans
Own a home for less. FHA loans offer down payments as low as 3.5% for all qualifying applicants — even if you have less than perfect credit.
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Achieve Your Goals Sooner
Five account options – plus one powerful app to manage it all.
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