Bring your plans closer to home
Whether you’re building a home, buying recreational land, or choosing a future homesite, we’ll help you understand the financing.
Financing from the ground up
Choose financing for a home build, recreational property, or the lot you want to build on later.
Construction Loans
Finance your new home as it’s being built, with funds provided in stages as construction moves along.
- Short-time financing during construction
- Funds provided as work is completed
- Financing for up to 12 months
Recreational Land Loans
Purchase land for hunting, camping, weekends away, or simply having an outdoor place to call your own.
- Financing for recreational property
- Options for undeveloped land
- Local help reviewing the property details
Lot Loans
Buy a homesite now while you work out your building plans, budget, and timeline.
- Financing for a future homesite
- Time to prepare before construction begins
- A separate construction loan when you’re ready to build
Why bring your plans to Linden?
Land and construction loans come with details most people don’t deal with every day. Bring us your questions, estimates, and half-finished plans. We’ll help you sort through the details and figure out what you’ll need.
- Help gathering the right documents before you apply
- A careful look at costs, timing, and property details
- Loan decisions made by people right here
- Straight answers when plans or costs change
I have consistently had positive experiences with this credit union. What stands out most is the exceptional customer service. The staff knows me by name, takes time to answer my questions, and has helped me with checking, savings, CDs, and money market accounts. They clearly explain my options and ensure I feel confident in my financial decisions. It is refreshing to collaborate with a team that genuinely values its members and goes the extra mile. I highly recommend this credit union to anyone seeking a financial institution that puts their members first.
- Marlene R
- Linden CU Member
Current Home Loan Rates
| Loan Type | Term | APR1 as low as | Loan to Value (LTV) |
|---|---|---|---|
| Fixed Rate Mortgage | 30 Year | 6.875% | Up to 85% |
| Fixed Rate Mortgage | 15 Year | 5.740% | Up to 85% |
| Fixed Rate Mortgage | 10 Year | 5.740% | Up to 85% |
| Home Equity Line of Credit (variable rate – changes quarterly to Prime Rate) | Line of Credit | Prime Rate | Up to 80% |
| Home Equity Second Mortgage | 5 Year Balloon | 5.99% | Up to 80% |
| Construction Loan | Up to 12 Months | 5.99% | Up to 85% of cost or 80% of appraised value, whichever is less |
| Land Loan | Up to 60 Month Balloon | 1% over Home Equity Loan Rate | Up to 80% |
| Lot Loan | Up to 60 Month Balloon | .50% over Home Equity Loan Rate | Up to 80% |
| FHA, VA, USDA Mortgages | Term Options Vary | Rates Change Daily | LTV Requirements Vary |
1APR = Annual Percentage Rate. Rate based on creditworthiness and term of loan. Rates are subject to change at any time and are not guaranteed.
Construction and land loan questions, answered.
What’s the difference between these loans?
A construction loan helps pay for building a home. A recreational land loan is for property you plan to use for things like hunting, camping, or time outdoors. A lot loan is for a homesite you may build on later.
How does a construction loan work?
A construction loan helps cover building costs while your home is being built. Instead of receiving all the money at once, funds are generally provided in stages as work is completed. We’ll walk you and your builder through how that process works.
What should I have before I apply?
Bring any information you already have about the property, builder, estimated costs, plans, and timeline. It’s okay if you don’t have everything figured out yet. We can tell you what else you’ll need.
Can I buy a lot now and build later?
Yes. A lot loan can help you purchase a future homesite before you’re ready to begin construction. When it’s time to build, we can talk with you about construction financing.
Wherever you’re starting, we’ll start there with you.
