Refer a FriendConstruction, Vacant Land, & Renovation
Build your dream home!
Don't let the low inventory of available homes keep you from the home of your dreams. Build new with LMCU! Get approved for a LMCU Dream Builder℠ Construction Loan.
Construction ›
- Low fixed and adjustable rates
- Down payments as low as 10% in Michigan*
- Down payments as low as 15% in select Florida counties*
- And more benefits!
Vacant Land ›
- As little as 10% down*
- 20 acres or less - 90% maximum Loan-to-Value (LTV)
- 20 to 40 acres - 80% maximum LTV
- $500,000 maximum on vacant lot loans, depending on credit score
Renovation Mortgage ›
- Up to 97%* financing
- Obtain renovation funds for up to 75%** of the 'after-completion' appraised value of the home
- Funds for improvements are placed into an escrow account for disbursement as needed
- And more benefits!
Rural Construction ›
- $0 down*
- Provides financing for low-to-moderate income families in rural areas
- Don't have to be a first-time homebuyer
- 30-year fixed rate