Land Loans

Where some people see vacant land, you see your dream home, or the perfect vacation getaway. Sound offers a loan that will help you see your dreams come true. Sound’s land loan helps members buy land now for building a home in the near future.

A land loan is best for:

Anyone who is purchasing a lot or looking to build a home from scratch.

Why choose a Land Loan from Sound?

  • Loans available up to $500,000 to secure a zoned residential property in Washington State (up to 10 acres)
  • Competitive, fixed rates that are amortized over 20 years
  • Borrow up to 50% of the value of the land
  • Enjoy seven years to pay off the loan
Today's Rates Term Rate APR *
50% Financing LTV20-year amortization/7-year balloon8.49%8.922%
Rates and fees are subject to change. Please check with your local branch, or call if we can answer any questions.
Effective as of April 1, 2014

*APR is Annual Percentage Rate. All loans are subject to credit approval. Your rate and credit limit will be determined based on individual creditworthiness. Verification of income may be required. Must be 18 years of age to qualify for a loan. Must be a Sound Credit Union member to participate. Anyone who lives or works in Washington State can join. Membership at Sound requires a savings account with a minimum balance of $25.

Annual Percentage Rate is based on a loan amount of $100,000 with 50% down payment on a 20-year amortization with a 7-year balloon payment. Improved land must have public water or drilled well, public sewer or septic feasibility required, and power must be provided at site boundary. Financing available up to 50% of the appraised value or purchase price. To calculate the loan-to-value (CLTV), take the land loan amount and divide that by the value of the land. Property must be zoned residential and cannot exceed ten (10) acres. Maximum loan amount $500,000. Sound Credit Union must be in first lien position. 1.5% origination fee and other third-party fees apply. Property must be located in Washington State. Additional terms may apply.

Routing #: 325183220

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