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Land Loans

Great low rates, flexible terms and personalized service for you.
Land for sale sign

Found the best spot for your dream home? Truliant land loans are a great match!

  • Great rates and flexible terms
  • Construction loans available
  • Various loan options
  • Convenient digital application

Whether you're looking at a piece of vacant land to eventually build your dream home on or trying to get in on the ground level of a new subdivision, you're most likely researching land loans.

Financing raw land can be daunting, but Truliant Federal Credit Union loan officers can help guide you through the process.

We offer credit union land loans to our members in Florida, Georgia, Tennessee, South Carolina, North Carolina, Ohio and Virginia, and our loans feature a variety of rates and terms to meet your needs1. And with loan amounts available between $5,000 and $200,000, we have an option to meet the size of your project, as well. We’ll finance up to 80% of your land’s purchase price or value, whichever is less, in a subdivision and up to 70% for financing raw land.

What should I expect when applying for a land loan?

  1. Apply at one of our branches or over the phone.

  2. Once you apply, we will help to walk you through the rest of the process so if you ever have a question, we're here for you.

  3. Once a decision has been made on your application, we will contact you. If you are approved, we will also discuss your loan amount, terms and payment information.

  4. Your funds are ready whenever you are.

How much does Truliant finance for land loans?

When you're considering purchasing land, it is important to find a lender that works with you to get you the funds you need. With loan amount options available between $5,000 and $200,000, we have an option to meet the size of your project.

Truliant can finance up to 80% of your land's purchase price or value, whichever is less, in a subdivision ⁠— and up to 70% for financing raw land.

What should I know before I get a land loan?

You will have to have a professional survey performed to establish the boundaries. Having a surveyor give you a written summary of his or her findings in addition to marking the boundaries of the property will enable you to provide the credit union with accurate information.

You'll also want to check local zoning guidelines to ensure that your planned use of the property doesn't violate any zoning regulations. For instance, you don't want to start the application process for a commercial project in an area that is zoned as residential.

It's also a good idea to know if the property has access to utilities. If not, you should contact utility companies to get an estimate on how much it will cost to make the land usable.

Finally, discuss the future of the immediate area with the local planning department. You'll want to be sure that there's nothing being planned for the area that may lower your property's value later. In contrast, finding a residential land lot in an area that plans on eventually adding a park will make the property more valuable in the future.

Truliant Loan Requirements

All prospective land loans must undergo a full appraisal process, a title search and be for land no larger than 10 acres. Finally, the property must have proper drainage.

What kind of loan do I need for building a home or subdivision?

If you're considering a new construction home, business or subdivision, you can skip the land loans process and dive right into Truliant's construction loan featuring a variety of terms and great, low rates.

Land for sale sign

What Loan is Needed to Buy Land?

For many people who have found a piece of land for building their new home, a land loan is a perfect solution. However, there are other loan options that may fit your scenario better.

Find the best loan for your future home with our comprehensive article.

Try Our Land Loan Calculator

(1) APR = Annual Percentage Rate. Rates and terms are subject to change. All loans are subject to credit approval. For land-only loans, a 1% origination fee applies and cannot be financed into loan. Loan requires full title and full appraisal. Land must be undeveloped (no dwelling/house on property) - either raw land or in a recorded subdivision. Loan is subject to a 10-acre maximum. Must be for personal use (no commercial property). Property must perc (raw land only).