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Alaska Home Mortgage Loans - Lot loans

  • Allows you to secure today's price on land even if you prefer to build at a much later date
  • Up to 80% financing
  • Monthly payments spread out over 15 years

    You've found the perfect place to build. Now you need financing. Consider a Lot Loan from Park View Federal. The following criteria are necessary to qualify:

 

  • The lot must be buildable.
  • You must plan to build on the lot within five years.
  • You must make a 20% down payment.

Lot loans are offered at an adjustable interest rate for a term of five years. Monthly payments are amortized over 30 years, with a balloon payment of the outstanding balance due at the end of the five-year term.





 

 

 


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