We have a specialty loan to fit your needs
Mortgage loans are not just for buying homes. Whether you are buying a piece of land, building a new home, tackling renovations or home improvements, or putting in the pool you have always dreamed of, you need a loan tailored to your unique situation.
We have a variety of specialty solutions to meet your lending needs. Talk to a TDECU Mortgage Loan Advisor to find a loan that is right for you.
These loans are built for the job
TDECU offers specific loans to help you buy land, build, or improve your property — with terms to help you toward your goal.
A fixed-rate loan for up to a 20-year term, with the option to finance closing costs.
$50,000 - $100,000
Converts to a permanent mortgage when your house is complete. Interest payments only during the construction phase, option to include lot purchase and one-time closing costs.
$85,000 - $750,000
Land Loan 7/1 ARM 2
Loan for purchasing a lot in town or acreage for recreational purposes. Available for land with or without improvements. Offers a fixed rate for the first 7 years of the loan term.
Starting at $50,000
1 APR = Annual Percentage Rate
2 ARM = Adjustable Rate Mortgage. Loans subject to credit approval. Example for a 3.25% APR on a $160,000 loan will require a monthly principal and interest payment of $696.33 for 30 years. Payment does not include taxes and insurance so actual payment obligation will be greater. ARMs are variable and the rate may increase after the original fixed rate period. Certain terms and conditions may apply.
Prices are subject to change daily at 1:00 PM CT with market conditions. Rate provided above is the rate closest to par based on a loan amount of $125,000, owner occupied, single family dwelling, 80% LTV, standard origination fee, and a FICO score of 740+. Your rate and term depends on your unique credit rating, combined loan-to-value, amount financed and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply. Adjustable Rate Mortgages (ARM) are variable and your rate may increase after the original fixed rate period. Contact TDECU Mortgage for additional information and loan criteria. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. For additional terms and programs call (800) 839-1154 ext. 4614.