Everyone needs a place to put down roots
For now, it's just rocks and soil. But to you, it's something more - the land where you plan to build your future. At Purdue Federal, we offer customized loans for undeveloped residential lots. With the help of our affordable rates and comfortable down payments, you'll soon be calling this place 'home.'
Lot Loan Features
- Five-year amortized loan, with balloon payment at end
- Allows borrowers to purchase undeveloped land or refinance from other institutions
- Construction of a home within 5 years is required
- Competitive rates and closing costs
- Available with as little as 20% down
- Local servicing for the life of the loan
- Financing available in Tippecanoe and surrounding counties, and Northwest Indiana
Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.