Land Loans

Build on solid ground.

We will help you get a lot from your land loan

If your dream is to build a custom home on your own piece of land, but you aren’t quite ready to build yet, a land loan can help you secure the land you want with no requirements of when to build.

Benefits

Patriot cares about the communities we’re in, so we want to make it easy for the people in those communities to achieve their dreams of building and owning their own home. Our land loans also have these benefits:

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No Requirements to Build Now

Build in 6 months or 10 years from now — it’s your choice to make.

Low rates

Low Interest Rates

We keep rates low so you can dream big.

Locations

Approved Locally

As a local credit union, we believe you should know who’s making the final decision.

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24/7 Access to Your Account

With Online and Mobile Banking, you can check in on your loan anytime.

Land Loan Available in PA, MD, WV, and VA

Land Loans, both improved and unimproved, are available for up to 10 acres located in PA, MD, WV, and VA. Applicants must qualify for membership to apply. Please see membership eligibility requirements to learn more.

Unimproved Land Loans

Fixed-rate, closed-end loans for the purpose of purchasing raw land – i.e., no water or sewer hookup – for a residential purpose. These loans are secured by the piece of land, with a maximum 10-year term and 70% loan to value maximum.

Improved Land Loans

Fixed-rate, closed-end installment loans secured by the improved land. This land loan is for the purpose of purchasing land with existing water and sewer hookup for a residential purpose, with a maximum term of 15 years and 80% loan to value maximum.

Land Loan Rates

Unimproved Land Loans

APR1(as low as)

Terms

1Annual Percentage Rate (APR) shown is for applicant with credit scores 735 or higher on up to 70% financing for property value. Example: $40,000 loan, monthly payment will be $489.34 for 120 months at 8.19%. Member responsible for MD recordation tax, amounts vary per county and amount borrowed. Other rates and terms available. Rates may change without notice. All loans subject to credit approval.

APR1(as low as)

8.19%

Terms

10 years

Improved Land Loans (Up to 80% of Property Value)

Term 

APR1 (as low as)

1Annual Percentage Rate (APR) shown is for applicant with credit scores 735 or higher on up to 80% financing for property value. Example: $40,000 loan, monthly payment will be $473.56 for 120 months at 7.44%. Member responsible for MD recordation tax, amounts vary per county and amount borrowed. Other rates and terms available. Rates may change without notice. All loans subject to credit approval.

Term 

10-15 years

APR1 (as low as)

7.44%

Secure the Perfect Spot For Your Future Home

Whether you are interested in eventually living on a piece of land out in the countryside or are looking to live in a neighborhood full of friendly neighbors, Patriot has options to make it happen.

Contact a Mortgage Officer for More Information About Land Loans

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Disclosures

  • NCUA

    This credit union is federally insured by the National Credit Union Administration.

  • Equal Housing Lender

    Equal Housing Lender