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Loan Rates: Land & Lot |
| Loan Type | Rate | Fee | APR* | Repayment Terms |
| Up to 75% LTV** | 7.250% 7.750% 8.250% |
2.000% 1.000% 0.000% |
7.745% 7.998% 8.250% |
5 year fixed or 30 year amortization with a 5 year balloon. |
| Up to 75% LTV** | 7.750% 8.250% 8.750% |
2.000% 1.000% 0.000% |
8.056% 8.404% 8.750% |
10 year fixed or 30 year amortization with a 10 year balloon. |
*Annual Percentage Rate (APR) - the annual yearly cost of credit. Includes the effect of interest, discounts, fees, and other costs.
**Loan to Value (LTV) - The ratio of funds borrowed to the documented value of the property.
Payment Example: With an APR of 8.056%, a loan amount of $100,000, a 30 year amortization, and a 10 year balloon, your monthly payment would be $737.67 for 120 months with a balloon payment of $88,415.63 due on your 121st payment date.