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Land Mortgage Loans

Is your plan to secure land for building? If you have found available land to build your dream house on, let First Central help turn over the first shovel toward fulfilling your goals.

We loan up to 75% of the appraised land value. These unimproved and improved land mortgage loans are designed for $20,000+ mortgage lending.

It is time to make the move toward ownership. Many institutions make it difficult for people to obtain the funds they need, First Central follows more personable underwriting guidelines.

As a result, our mortgages can step up and fill this financing void for our members. Plus, you can rest assured that your mortgage will not be sold — it will stay with First Central Credit Union, and you can make your mortgage payment at any of our branches. First Central Credit Union NMLS # 779833.

  • Unimproved (raw) land or improved land 
  • Financing available up to 75% of appraised value of land
  • Minimum land mortgage loan is $20,000
  • First Central finances up to 20 acres of land
  • Land loans available within a 200-mile radius of credit union branch
  • Land for investment purposes is not eligible
  • Competitive rates and flexible terms
  • Terms 10 to 20 years
  • Low closing costs, no points, low origination fee
  • Make your mortgage payment at any branch
  • Friendly, experienced loan advisors
  • Central Texas decision-making
  • FCCU service for the life of the loan

Need a VA, FHA, or manufactured home loan?

For additional mortgage options visit our Mortgage Web Center, loaded with useful information, calculators, tips, applications, and more!

Need to provide proof of insurance for your loan? We’ve made it very easy and secure to submit your insurance policy! Click here: My Loan Insurance