See our most recent COVID-19 information here.

Lot Loans in Utah

It's all about the location! 

empty lot loans in utah

Don't let the perfect location pass you by! If you’ve found the best spot for your future home but aren’t quite ready to build, don’t let it slip away. University Federal Credit Union offers lot loans at competitive rates, so you can take advantage of every opportunity.



apply for a Utah lot loan today!

What is a Lot Loan? 

A lot loan is financing for a piece of land, typically a plot where one intends to build a residential home. Lot loans are often utilized when you’ve found a prime location, but aren’t fully ready to begin construction. This loan is not the same as a construction loan, but can easily transition to that type of loan when it’s time to start building.

UFCU Offers Competitive Lot Loan Rates in Utah 

University Federal Credit Union is proud to offer the best lot loan rates in Utah. Some of the benefits of this loan include:

  • Borrow up to 70% of the value of the lot
  • 24 month term
  • Fixed rates
  • Amortized for 15 years

With these perks, it is easier than ever to secure your dream location, and our loan specialists are more than happy to help you find the perfect loan. If you have any questions or need assistance, contact a lot loan specialist today. Apply now and take the first steps to building your future home on the perfect lot!

Apply for a Utah lot loan now!

Frequently Asked Questions  

What is the difference between raw land and lot land?

“Raw land” is land that is not suitable for development. “Lot land” will typically include the following:

  • A building permit or appropriate zoning
  • A survey and stakes that indicates the lot’s boundaries
  • Access to roads
  • Utilities
  • Access to a sewer or septic system

How much do you need to put down on a lot loan?

Lot loans will require a minimum of a 30% down payment. For example a $50,000 loan approved at 70% of value would require a down payment of $15,000.

Other Utah Loan Resources

Utah Home Loans
First Time Home Buyer Loans
Utah FHA Loans
Construction Loans
How much will my fixed rate mortgage payment be?
How much will my adjustable rate mortgage payments be?


Loans subject to credit approval. See current rates and terms. Lot loans will require a minimum of a 30% down payment. For example a $50,000 loan approved at 70% of value would require a down payment of $15,000. The minimum payment for a $35,000 loan with a 5.75% APR, amortized for 15 years with a 24-month term is approximately $290.64 for the first 23 months of loan repayment and a balloon payment of approximately $32,171.86  for the final payment.  This payment example does not include taxes and insurance.  Your actual payment may be higher.  The monthly obligation will be determined by the total loan amount at the time of closing and the term and interest rate of the loan.