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