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| Lot Loan (Undeveloped Land) |
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| A loan for purchasing vacant land intended for the future construction of your home. |
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5-year fixed rate term or 5-year balloon with a 15-year amortization |
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Minimum loan amount $7,500; maximum loan amount $300,000 |
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Financing available up to 70% of purchase price or appraised value, whichever is less |
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Refinancing available |
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| To apply for a Lot Loan, please call the Real Estate Dept. at (407) 896-9411 or (800) 771-9411 outside Orlando, ext. 3656 |
Lot Loan example:
Loan Amount |
Sample Interest Rate |
APR1 |
Term |
Monthly Payment (Principal and Interest) |
Total Finance Charges |
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$25,000 |
8.250% |
8.396% |
5 Years |
$509.91 |
$5,594.33 |
1Annual Percentage Rate. |
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