- Affordable financing for buying a lot or acreage
- Available as a 15-year adjustable rate mortgage (ARM), fixed for the first 5 years
- Convenient online application
- Low interest rates
- No pre-payment penalty
Plan for Your Mortgage
Choose from our easy to use calculators to help you manage or plan for your mortgage or home equity loan. You can also use our mortgage calculators to quickly assess how much home you can afford.
Contact CRCU by calling 281.422.3611 or toll free at (800) 238.3228 to learn more about our mortgage products, designed to meet your financial needs!
What to know
- 20% down payment required*
- Financing for land or lot, with intent to build for a primary residence
- Adjustable rate mortgage (ARM) loan, 15-year amortization
- Rate is fixed for the first 5 years, then can adjust annually thereafter
- Rate cannot increase or decrease more than 2% annually, or 6% over the life of the loan, and cannot go below the floor rate
Start your application online!
Our loans typically close in 25 to 45 days.
Frequently Asked Questions
What is the minimum loan amount?
The minimal sales price is $25,000.
Can the property have any structures, including mobile homes on it?
The property should be unimproved.