Construction and Lot Loans

Lot Loans


We offer:

Incredible terms-

  • 10-year fully amortizing
  • 20-year amortization with a five-year balloon
  • 30-year amortization with a five-year balloon

Financing options:

  • Up to 80% for purchase on fully improved residential lot where future owner-occupied home is to be considered.
  • Up to 65% for purchase or refinance on fully improved residential lot held for investment
  • Up to 50% for cashout refinance on fully improved residential lot where future owner-occupied home is to be constructed. Maximum cash amount is $25,000
  • Lot must be free of structures

And we'll make it happen with:

Low fees-

  • Origination is only 1.00% and you could have all of it refunded back - ask us how
  • Credit report, document preparation, flood certification: see loan officer for details
  • Appraisal: $375 (varies based on area)
  • Title policy costs: based on loan amount
  • Title company closing cost: per title company
  • Recording Fees: vary by county

Easy documentation:

  • Purchase contract (if applicable)
  • Most recent pay stubs and W2's for previous two years
  • Tax returns if self-employed
  • One month's financial institution account statements

Available in Utah: Box Elder, Cache, Davis, Juab, Morgan, Salt Lake, Summit, Utah, Weber, Tooele, Wasatch & Washington Counties.


Available in Nevada: Clark County and the cities of Caliente, Pioche, Panaca & Alamo.


*Certain criteria apply. Please ask us for details. Member-direct lending only.

Home Construction Loans - Contractor-built in Member's Name


We offer:

  • Low, competitive rates
  • Once construction is complete, you're qualified for a 0% origination fee on your long-term loan with America First
  • Up to 80% of acquisition cost
  • Flexibility on down payment requirements - see loan officer for details

And we'll make it happen with the following terms:

Nine-month term, with extensions available

Low fees-

  • Origination fee is only 1.00%
  • Underwriting fee: $500 - No additional underwriting, processing or document preparation fees on long-term loans
  • Appraisal: $450 or current cost
  • Inspection fee: $450
  • Course of construction insurance: varies
  • Title policy costs: based on loan amount
  • Recording: according to area where building takes place
  • Settlement services: per title company

Easy documentation:

  • Long-term approval (loan officer will obtain)
  • Construction cost breakdown
  • Contract with builder
  • Copy of builder's license
  • Evidence of lot purchase, if applicable
  • Plans and specifications for the home to be constructed

Available in Utah: Box Elder, Cache, Davis, Juab, Morgan, Salt Lake, Summit, Utah, Weber, Tooele, Wasatch & Washington Counties.


Available in Nevada: Clark County and the cities of Caliente, Pioche, Panaca & Alamo.


*Certain criteria apply. Please ask us for details. Member-direct lending only.

Home Construction Loans - Self-Built


We offer:


  • Low, competitive rates
  • Once construction is complete, you're qualified for a 0% origination fee on your long-term loan with America First
  • Up to 80% of acquisition cost
  • Flexibility on down payment requirements - see loan officer for details

And we'll make it happen with the following terms:

Nine months, with extensions available

Low fees-

  • Origination fee is only 1.50%
  • Underwriting fee: $500 - No additional underwriting, processing, or document preparation fees on long-term loans
  • Appraisal: $450 or current cost
  • Inspection fee: $450
  • Course of construction insurance: varies
  • Title policy costs: based on loan amount
  • Recording: according to county where building takes place
  • Settlement services: per title company

Easy documentation:

  • Self-build qualification
  • Construction cost breakdown
  • Long-term loan from America First
  • Evidence of lot purchase, if applicable
  • Plans and specifications for the home to be constructed

Available in Utah: Box Elder, Cache, Davis, Morgan, Salt Lake, Summit, Utah, Weber, Tooele, Wasatch & Washington Counties.


Available in Nevada: Clark County.


*Certain criteria apply. Please ask us for details. Member-direct lending only.

Product Interest Rate Discount Points Origination Fee APR*
* Interest rates and Annual Percentage Rates (APRs) listed are the lowest offered and are based on approved credit. Rates may be higher according to an applicant's credit history and additional underwriting factors. Ask your loan originator what qualifications apply. All rates are subject to change without notice. Adjustable APRs may increase or decrease after loan consummation. All rates effective Thursday, November 3, 2016 11:23 AM MST.
Home Construction - Contractor Built 4.25% 0% 1% 7.25%
Home Construction- Self Built 4.25% 0% 1.5% 7.25%
Lot Loan- 10 Year 5.99% 0% 1% 6.3278%
Lot Loan- 10 Year Fixed 6.49% 0% 1% 6.831%
Lot Loan- 20/5YR Balloon 5.49% 0% 1% 5.7253%
Lot Loan- 20/5YR Balloon Fixed 5.99% 0% 1% 6.2287%
Lot Loan- 30/5YR Balloon 5.74% 0% 1% 5.8804%
Lot Loan- 30/5YR Balloon Fixed 6.24% 0% 1% 6.3848%

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