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A bank representative greeting a customer at a desk
A bank representative greeting a customer at a desk
A bank representative greeting a customer at a desk
A bank representative greeting a customer at a desk
A bank representative greeting a customer at a desk
A bank representative greeting a customer at a desk

Lot and Land Loans in Oregon

Put your Oregon dream home right where you want it. 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 20.

We offer loans on improved land up to $700,000. 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.

Oregon Lot Loan Calculator

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24 mo
20 yr

See today's rates

$6,469Your Estimated Monthly Payment
  • $0
    Principal & Interest
  • $2,689
    Taxes
  • $3,780
    Insurance
  • 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.
  • APR (Annual Percentage Rate) is based on loan amount and interest rate.
  • 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.
  • APR (Annual Percentage Rate) is based on loan amount and interest rate.
  • 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.
Benefits of working with WaFd Bank
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We keep your loan! We don't sell it to Wall Street or Fannie Mae.
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We have competitive mortgage rates and will be with you every step.
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You can quickly and securely apply online in minutes.
Ribbon icon
We keep your loan! We don't sell it to Wall Street or Fannie Mae.
House Heart icon
We have competitive mortgage rates and will be with you every step.
Computer Clock icon
You can quickly and securely apply online in minutes.

Your local Oregon loan officer can help you get started

Save Up to $600 on Closing Costs With a Checking Account From WaFd Bank*

Land Loan Checklist

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70% LTV, Improved Land
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Available on loan amounts up to $700,000.
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Short-term and long-term options available.

Frequently Asked Questions

See more FAQs

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.”

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?

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.

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.