Land Loans

Land loans are available on 10 acres or less with fixed rates and terms up to 180 months. TFCU will finance up to 80 percent of the current appraised value or purchase price, whichever is less. There are no origination fees on land loans.

Please contact the Mortgage Lending Department at 405-732-0324, ext. 2272, for more information.

Rates effective January 1, 2020 – Until Further Notice

Purchase of land and lots (up to 10 acres) zoned residential for the intent of building a primary or secondary residence in the future.

Property should be located in a Platted Subdivision with Paved Access to the subject property.

Must have  access to all public utilitites. However, well and septic systems are acceptable if it is standard for the subdivision.

Property cannot be located in a Special Flood Hazard Area (SFHA).

Maximum LTV – 80% of the lesser of appraised value or sales price, whichever is less.

The term for a Land/Lot loan is 7-, 10- or 15-year depending on the loan amount:

  • Up to $30,000 – 7 years
  • $30,000 – $50,000 – 10 years
  • Greater than $50,000 – 15 years

Member is responsible for paying all applicable closing costs, including processing fee and third-party costs. No added fees for application, origination or documentation. Member pays third-party costs for: Appraisal, title insurance, flood, certification and recording.

Fixed Rate APRs:
Term Elite Prime Preferred Standard Tier
7 Year 5.25% 5.75% 6.50% 7.75% 8.00%
10 Year 5.75% 6.25% 7.00% 8.25% 8.50%
15 Year 6.25% 6.75% 7.50% 8.75% 9.00%

For more loan information, please contact a TFCU representative.