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
$1,234.56
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.
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 WashingtonBenefits of Working With WaFd Bank
Benefits of Working With WaFd Bank
We Keep Your Loan
We don't sell, assign, or transfer your loan.
Competitive Rates
We have competitive mortgage rates and will be with you every step.
Apply for a Loan Online
You can quickly and securely apply online in minutes.
Frequently Asked Questions
7 Tips for Buying Land to Build a House
Ah, the appeal of the custom-built house. For many, it's an American dream. Finding a piece of land all your own, working with a builder (or your own two hands!) to build something specifically designed for your family, and being the first ones to call it home.
3 Things to Consider in a Custom Construction Loan
For most people, figuring out how to buy a home can be complicated and confusing. If these emotions resonate with you, then rest assured you're not alone.
Construction-to-Permanent Loans Explained
It's hard to find everything you want in a home.
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.