Land Loans
Buying land is just the beginning.
Can you dig it?
With an EastRise 10-year land loan, yes, you can. We’ll help you buy the plot of land where you picture your new home or simply plan to enjoy, as is, for years to come. Apply online and, if you qualify, you could get pre-approved on the spot.
Apply for a Land Loan
Disclosures
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APR = annual percentage rate. Payment examples do not include amounts for taxes and insurance premiums and actual payment obligation may be greater than illustrated.
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The land loan is an adjustable-rate mortgage and may increase after the original fixed rate period. Variable interest rate may adjust 2% annually after the fixed rate period with a 6% lifetime cap and impact the monthly payment. Adjustable-rate mortgage payment example: The land loan is a variable rate loan; interest rates and payments may increase after the original fixed-rate period. 1/1 Adjustable-Rate loan for $100,000 at a 5.375% initial interest rate and APR of 7.151% will have the following monthly payment: 12 payments of $680.85 at an interest rate of 5.375%, 107 payments of $793.16 at an interest rate of 7.375%, and 1 payment of $67,981.67 at an interest rate of 7.375%. 3/1 Adjustable-Rate loan for $100,000 at a 6.000% initial interest rate and APR of 6.891% will have the following monthly payment: 36 payments of $716.43 at an interest rate of 6.000%, 83 payments of $788.06 at an interest rate of 7.375%, and 1 payment of $67,545.11 at an interest rate of 7.375%.
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