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, whether you're building in two years or twenty.
Your local loan officer can help you get started. WaFd Bank has been helping people build their dream homes for more than 100 years.
Land Loan Checklist
- 70% LTV, Improved Land.
- Available on loan amounts up to $700,000.
- Short-term and long-term options available.
Consider a WaFd short-term lot loan and receive a discount on closing costs when you finance construction of your custom home with us within two years. We also 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 Calculator
- Payments quoted may include estimates of taxes & insurance, so actual payments may be higher.
- Loans are subject to credit approval. Restrictions and limitations may apply.
- 0.768333% tax rate used in estimate.
- 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.
- Ask us about additional available loan programs.
- 2% interest rate discount available on short term 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.
- Payments quoted may include estimates of taxes & insurance, so actual payments may be higher.
- Loans are subject to credit approval. Restrictions and limitations may apply.
- 0.77% tax rate used in estimate.
- 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.
- Ask us about additional available loan programs.
- 2% interest rate discount available on short term 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.
See other WaFd Bank Calculators: HELOC, Refinance, Mortgage, Remodeling, Construction
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.
From Empty Lot to Dream Spot: Discover WaFd's Custom Construction Loan!
Considering building? Check out our custom construction loan
Frequently Asked Questions
Want more help? Come See Us
If you've done all your research but aren't sure whether a lot loan makes sense, just stop by. We're nearby, and we'll sit down with you and answer any questions you may have.
Arizona, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington* 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.