Whether you plan to build in the future, or simply enjoy the land today, owning property is still an American dream and a sound investment. At Y-12 Federal Credit Union, we will help you finance your land purchases with the best rates and flexible terms.
Whether you are purchasing a new piece of land, or refinancing an old one, you can finance up to 80% of the appraised value or purchase price, whichever is less, for a maximum term of 15 years. And, as with all our mortgage loans, there is no penalty for early prepayment.
When you decide to build on your property, Y-12 Federal Credit Union can extend your financing with a Construction Loan to help you during all phases of owning a piece of the American dream.