Looking to buy a lot to build that future dream home? Cincinnatus can help. Our land and lot loans require a 25% down payment. We offer fixed and variable rate land loans with terms to meet your budget. If you currently own your home, you may be able to use the equity in your home for the down payment. Improved land and unimproved land are financed under the same terms. Your lot can be refinanced at 75% loan to value. If the lot has been owned for less than 1 year the value of the land would be the purchase price or appraisal whichever is less. Base closing costs for land loans is $1,300.00 for properties located in Hamilton County Ohio, closing costs are slightly higher for surrounding counties. Call or email us today we will be glad to setup a time for your application or answer any additional questions you have regarding land loans or any other loan product.

Loan Product	Interest Rate	APR
Land Loans	6.750%	6.930%
Upon qualification. Rates subject to change without notice. Rate based on LTV of 75% or less. Maximum term is 15 years

Example:

Based on a 1-year adjustable rate loan of $50,000 amortized over 15 years at a rate of 6.750% and an APR of 6.930%, the initial 12 month payment is $442.45, afterward the interest rate and payment may increase or decrease annually for the remaining 168 payments. Adjustable mortgage rates are subject to increase after consummation. Stated payment includes principal and interest only. APR is based on a $50,000 secured land loan.

For more information call us at (513) 661-6903 or toll free at (877) 661-6903 or e-mail us at Loans@Cincinnatussl.com.


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