found land for your dream home?
WE HAVE THE SOLUTION
Financing land can sometimes be a challenge. If you’re looking for a spot to build your dream home, Univest can help you finance the perfect lot with a lot loan. Lot loans allow you to purchase the property now and build later.
what is a lot or land loan?
A temporary lending solution to finance land that a borrower will eventually build a residence on.
features of a Univest lot loan
- Vacant land (residential only)
- Must build home on land within 2 years
- 2-year term with a 15-year amortization
- Purchase only (no refinance)
- Unique property lending:
- Primary residence
- Secondary homes
- Maximum loan amount is $250,000
- Type of housing:
- 1-2 units
- Modular pre-cut/panelized housing
- Down payments and requirements
- 25% down for primary residence including 1-2 units
- 30% down for second home including 1 unit
Interested in a lot loan from Univest? Please submit your information via the contact form on this page and one of our home loan experts will follow up.