Land Loans

Looking to buy a lot to build that future dream home? Cincinnatus can help. Our land and lot loans require a 30% down payment. We offer fixed rate loans with terms to meet your budget. If you currently own your home, you may be able to use its equity for the down payment. Improved land and unimproved land are financed under the same terms. Your lot can be refinanced at 70% loan to value. If your lot has been owned for less than 1 year the value of the land would be either its purchase price or appraisal, whichever is less. Contact one of our experienced Loan Officers to get a quote on an interest rate and closing cost. Call or email us today. We will be glad to setup a time and place for your application and/or answer any additional questions you may 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 70% or less. Maximum term is 15 years



Example:

Based on a fixed rate loan of $50,000 amortized over 15 years at a rate of 6.75% and an APR of 6,930% the mortgage would be paid in 180 installments of $442.45.

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