With our lower down payment option, your dreams of owning land in Texas can be a reality
Whether you're looking to buy your very own hunting and fishing spot to enjoy the outdoors with family and friends, or a lot to one day build a retirement home in the country, our loan advisors are here to walk alongside you through the process of your unimproved land loan. We offer competitive rates and flexible terms to help you purchase the rural land you’ve always wanted.1
Get started with a low down payment
Up to 80% LTV for less money down. Ask about our 10% down payment option to get more flexibility and keep more cash in your pocket.
Competitive low rates, flexible financing
Save over the life of the loan with your choice of terms – 5/10/15 and 20-year fixed-rate options.
Enjoy personalized service
You’ll have access to the knowledge and information you need to streamline the mortgage process.
Finance your hobby farm and ranch, or recreational hunting and fishing land with us and take advantage of:
- Competitive fixed interest rates
- Low closing costs
- 10% down payment options
- No prepayment penalties
- Loan amounts from $50,000 to $500,000
Get started with an estimated rate quote – No credit pull required
Fill out the short form below to get a call back from a Mortgage Loan officer within the next business day.
Ready to take the next step towards owning your piece of Texas land?
Start your Application Online
Apply by Phone
Call us at 281.754.1103 to start a new loan by phone
FAQs about Unimproved Land Loans
What's the largest piece of land I can buy with a land loan?
Members Choice will finance up to a maximum of 200 acres. Maximum loan amount is also $500,000.
What are the requirements to build if I get a land loan?
Members Choice does not have building requirements associated with our land loans, other than those defined by the subdivision or property owners association where your land is located.
How much of a down payment should I expect with a land loan?
Your down payment will be dependent on a variety of factors, but a good rule of thumb is somewhere around 20 percent of the total loan amount.
How soon will someone from Members Choice contact me after I’ve submitted my loan application?
Once you submit your loan application for review, Members Choice will contact you within 24 - 48 business hours.
More FAQs
Loan Account Access
Access your existing unimproved loan account with Members Choice Credit Union*
Login to Loan Servicing
Disclosures
APR = Annual Percentage Rate.
1Land Loans: Unimproved Residential Land Loans are available on unimproved and rural residential properties located in Texas. Farm & ranch or any income-producing properties are not allowed. Our maximum loan-to-value is 80% with a 45% maximum DTI. Minimum 660 credit score required. No history of bankruptcy or foreclosures. Full appraisals and title policies are required. $50,000 minimum loan amount. $500,000 maximum loan amount. Rates shown are based on a $150,000 loan amount with an 80% LTV and a 740 FICO credit score.
If not currently a Members Choice member, a $5 deposit is needed to establish membership. All memberships and credit products are subject to approval including credit approval.
* The loan account access tool is compatible with the following browsers: Internet Explorer 10 & higher, Google Chrome, Safari, and Firefox.
