Land Loans

• WyHy offers loans to members on unimproved land (unimproved land is defined as raw land or raw land with utilities).
• Loans granted for unimproved land can be used for primary residence, or on primary and secondary (vacation) residences.
• Loan to Value: 65%
• Repayment Terms: Loans less than $35,000, 60 months. Loans greater than $35,000, 60 months and 144 month amortization.
• Interest Rates: Based on borrower's credit score and loan to value.
• Early Payoff Penalty: None
• Processing Fees: Fees will vary and are based on loan amount and loan to value. Fees may include, but are not limited to: appraisal fee, document preparation, flood certification, origination fee, recording fee and title insurance.
• Interest: Monthly 360 day accrual.
• Monthly Payment: Payments may be made in person, through the mail, auto deduction, payroll deduction, online banking or telephone banking.
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• To apply for a loan Click Here.