Looking for a peaceful place near the lake or some land on which to build a new home? We can help you purchase the perfect undeveloped parcel in a new subdivision or out in the country with either a fixed-rate or adjustable-rate loan.
Michigan Schools and Government Credit Union offers Vacant Land Loans for the purchase of unimproved land or to refinance loans secured by unimproved land. Property must be zoned Residential or Agricultural and may consist of stand-alone parcels or land located in developed, platted subdivisions. Contact an MSGCU Mortgage Consultant if you're in the market for vacant land.
| Vacant Land Loan | ||||
| Fixed-rate and adjustable-rate loans available for terms up to 30 years. Here is just an example of the great rates we currently offer. | ||||
| Term | Rates as low as | Points | APR* | Payment* |
| 10 Year Fixed | 7.250% | 0.000% | 7.510% | $587.01 |
*APR = Annual Percentage Rate. This interest rate is based on 10 acres or less. The payment is based on a loan amount of $50,000 and consists of principal and interest. The payment does not include taxes and insurance premiums. The actual payment amount will be greater. For parcels in excess of 10 acres, contact our Mortgage Department at 866.674.2848 for more information. | ||||
Buying or refinancing? Brush up on the process, resources, and strategies to help you buy a home while sticking to a budget in this 5-minute lesson.
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