Land Loans

Land Loan Calculator

Check today's rates
  • Payments quoted do not include taxes & insurance, so actual payments may be higher.
  • Subject to credit approval.
  • APR (Annual Percentage Rate) is based on loan amount and interest rate.
  • Adjustable loans feature an introductory rate during initial term (3, 5 or 7 years), after which the interest rate may adjust annually each year based on the current index and applicable margin. Payment may increase.
  • Rates for owner occupied homes only.
  • Ask us about additional available loan programs.

The benefits of working with WaFd Bank

We keep your loan and don't sell it to Wall Street or Fannie Mae.

Our experts are standing by to help you with every step.

We are not paid on commission, so your needs come first.


  • 70% LTV, Improved Land
  • Available on loan amounts up to $350,000.
  • Short-term and long-term options available.

Frequently asked questions

What should you look for when shopping for a lot?
Start in your price range. Exact figures will vary, but in general, most experts agree that the cost of buying the land and preparing it should not take up than 25% of your total construction budget.

Research zoning requirements.
There are a variety of types of zoning classifications, but you’ll want to be sure your land is classified as residential before you make any commitments. Do some number crunching.

What is the annual tax rate on the property? The tax rate can dramatically impact how much you’ll pay over time on the lot. Your state’s department of revenue will be able to inform you of applicable taxes and their rates.

Where will you get your water? If you’re building a home “in town,” then you will likely have access to a municipal, or city, water supply. If the lot is in a rural location, then you’ll need to do a little more research.

Review applicable ordinances and covenants.
Check to see if the lot is subject to homeowners’ association (HOA) dues and if the residents are required to follow “covenants.”
How do I choose land for my new home?
Aside from the obvious (cost), consider the following questions in the hunt for homeland:
  • Are modern conveniences readily available?
  • How is the area? School districts, crime rate, amenities?
  • What is the quality of soil?
  • Are there any unusual zoning requirements?
  • What is the elevation?
How long do you have to finalize details once you're approved for a lot loan?
Our short-term lot loan gives you two years to finalize your house plans and choose a builder. Then, when you’re ready to build, roll the balance of your loan into our All-in-One Custom Construction Loan.
Let's get started
Connect with your local Loan Officer directly for more information.