Man on open land looking at house plans

Land Loans

Secure the financing you need to purchase land.

Apply Now

Want to learn more about land loan rates and fees? Contact us at 800-233-2328 ext. 5772. You can also make an appointment to speak with a BECU mortgage advisor.

If you are interested in buying land to build now or later, a land loan may be right for you. We can connect you with a mortgage advisor who will work with you to help determine the best financing options for your circumstances.

Land loans cover a range of options. If you're ready to purchase a lot, a land loan may be used to purchase improved and unimproved land.

An example would be:

  • Improved land requires water and electricity run to the property. A sewer or an approved septic and well system must be on the property.
  • Unimproved land could be undeveloped or missing a water, septic or sewer system. Whatever type of land you're looking to purchase, we can help you find the right type of loan option for you.

Features and Benefits

  • Fixed-rate and ARM loan options are available.
  • Parcels up to 20 acres. Purchase loan amounts up to $400,000 for improved land; $200,000 for unimproved land.
  • Refinance loan amounts up to $100,000 for improved land.
  • No origination fee.
  • No prepayment penalty.
  • A land loan can be paired with a construction loan so you can “buy now and build later” if your situation changes.