You can finance the purchase of unimproved property or raw land at attractive rates through Rome Kraft Employees Credit Union.
The following guidelines apply:
- Land loans will be processed and administered by the Credit Union, with the assistance of an attorney for all closings.
- Loans will be granted only on unimproved property or raw land.
- Maximum loan amount is $200,000.00.
- We will pay a portion of the closing costs.
- An appraisal will be obtained for land loan closings, along with a title search and title insurance. A security deed will be completed and filed for all land loans.