Lot and Land Loans
With a Lot Loan from WaFd Bank, get the financing you need to buy the perfect spot for your new home.
Consider a WaFd lot loan and receive a discount on closing costs when you finance construction of your custom home with us within two years. We offer a 20-year term lot loan for long-term plans. Apply online, where you can upload your documents and receive status updates in our secure portal.
Land Loan Checklist
- 70% LTV, Improved Land
- Available on loan amounts up to $700,000
- 20 year term available
Land Loan Calculator
Estimated Monthly Payment
Other Loan Calculators
- APR is Annual Percentage Rate. Payments quoted do not include taxes & insurance, so actual payments may be higher. Loans are subject to credit approval. Restrictions and limitations may apply. Rates for intended use of primary residence or second home.
- This calculator is for educational purposes only, and may not represent WaFd Bank's lending program requirements. 2% interest rate discount available on 20 year lot loans for borrowers with a down payment of 50% and a FICO score of at least 720. Contact your neighborhood loan officer to learn more.
Lot and Land with a Pre-Approval*
A verified Pre-Approval gives you the confidence of knowing how much house you can afford. Our Pre-Approval program is verified by our Underwriting Team, and lets sellers know you're a serious buyer who can qualify for the house you are interested in.
*WaFd Bank Pre-Approvals are based on verified credit, income, and employment verification.
Save Up to $600 on Closing Costs With a Checking Account From WaFd Bank*
*To qualify for the maximum $600 discount, before closing documents are prepared you must (1) have or open the WaFd checking account, (2) register for EZ-Pay from the new checking account, and (3) sign up for direct deposit of at least one form of a monthly recurring source of income.
Our Custom Construction Loan Advantage
WaFd Bank is unique when it comes to construction loans and home building financing.
Arizona, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington
Benefits of Working With WaFd Bank
Benefits of Working With WaFd Bank
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We're Here for You
From submitting your application through closing and beyond
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Competitive Rates
We have competitive mortgage rates and will be with you every step
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Apply for a Loan Online
You can quickly and securely apply online in minutes
Frequently Asked Questions
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7 Tips for Buying Land to Build a House
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3 Things to Consider in a Custom Construction Loan
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Construction-to-Permanent Loans Explained
Want more help? Come See Us.
If you're a first time home buyer and have done all your research but want help, just stop by. We're nearby, and we'll sit down with you and answer any questions you may have.