Construction, 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 plus - 40 acres - 80% maximum LTV
- $500,000 maximum on vacant lot loans, depending on credit score
- And more benefits!
Renovation Mortgage ›

- Obtain renovation funds for up to 75%* of the ‘after-completion’ appraised value of the home
- Up to 95%** financing
- 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
- And more benefits!
*The 75% is based on the lower of the after-completion value or purchase price plus renovation costs. **Multiple renovation options. Up to 97% LTV (Loan-to-Value) is available through the HomeStyle Renovation product. Must meet eligibility requirements. Contact your LMCU loan officer for details.