Land and Lot Loans

Land and Lot Loans

At White Eagle Credit Union,our goal is to help you achieve your goals. Your Dreams.  Like owning your own Land.

Lending Parameters

Non-Income Producing Land that is zoned Residential.

Max Size: 40 Acres

Max Loan to Value:

• 660-699 Credit Score = 80% LTV
• 700+ Credit Score = 90% LTV

Max Debt to Income

• 45% monthly gross
• 35% unsecured

Minimum Loan Amount: $10,000

Fixed Rate Loan

• Term = 5 year/ 7 year/ 10 year

Procedures

Required Documents

• Last two years full tax returns
• Last two years of W2s
• Pay stubs from last 30 days
• Bank Statement from last two months
• Copy of ID

Full Title Work Required

Full Appraisal Required