Build the Foundation for Your Dream Home

A land loan from Homespire’s Rob Yo The Mortgage Pro, in partnership with Members 1st Federal Credit Union, helps you finance the purchase of unimproved residential land. Whether you’re planning to build your forever home or investing in property, our land loan program offers flexible terms and competitive rates to get you started.

Program Highlights

  • Loan Amounts: $10,000 minimum, up to $250,000 (contact us for larger amounts).
  • Loan Terms: Fixed-rate mortgages from 7 to 10 years.
  • Loan-to-Value (LTV): Finance up to 90% of the land’s value.
  • Interest Rates: Competitive fixed rates with adjustments based on loan size and credit profile. Call for current rates.
  • Fees: $495 application fee plus an estimated $610 appraisal fee.

Who’s Eligible?

  • Members of Members 1st Federal Credit Union in good standing.
  • Applicants must be 18 or older and meet credit underwriting guidelines.
  • Non-traditional credit is not eligible.

Property Requirements

  • Unimproved land, 10 acres or less, zoned for residential use.
  • Located in eligible states (contact us to confirm; Washington, DC currently not eligible).
  • Must secure a first lien position for Members 1st FCU.
  • Residential appraisal and flood determination required.

Credit & Debt Guidelines

Your credit score determines your maximum debt-to-income (DTI) ratio:

  • 700+: Up to 50% DTI
  • 660–699: Up to 45% DTI
  • 620–659: Up to 35% DTI

Why Choose a Land Loan?

  • Flexible Financing: Secure the land you need to build your dream home.
  • No Mortgage Insurance: Streamlined costs for qualified borrowers.
  • Expert Guidance: Rob Yo The Mortgage Pro walks you through every step.

Ready to Start?

Let’s find the perfect land loan for your vision. Contact Rob Yo The Mortgage Pro today for a personalized quote and expert advice.