Homeowners Mortgage Enterprises, Inc.

Undeveloped Land Loans

Thinking of building your dream home? Before you go any further, let Upstate Federal Credit Union help. How? We can determine exactly how much funding is available to you for your property purchase. This will make it so much easier in selecting the right locations with all of the amenities you have envisioned. We will help you build your dreams and celebrate your future.

Limited to 5 acres or less, and must have direct road access to a public road.
Fixed Rate Loan
80% Loan to Value if land is located in a subdivision of comparable land lots that have been sold in the last two years and purpose is residential construction.
75% Loan to Value if land is located in a subdivision of comparable land lots that have NOT been sold in the last two years and the purpose is residential construction.
65% Loan to Value if not located in a subdivision of comparable land lots that have sold in the last two years.


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Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government - National Credit Union Administration, A U.S. Government Agency
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government - National Credit Union Administration, A U.S. Government Agency
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
America's Credit Unions