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CONSTRUCTION AND LOT LOANS

Buy Now, Build Later

If high interest rates are affecting the prospects of building your dream home, our lot loans can help preserve the perfect piece of land.

A family running through a field.

Whether you’re hiring a contractor, building a dream home from the ground up, or buying the perfect piece of land now so your vision can be realized in the future, America First is ready to help. We offer multiple real estate financing options to suit your needs. Take a look at our construction and lot loans below to find the one that works for you.

There are many variables when it comes to construction loans. For example, if any physical work has been done to the property before your loan has been closed, it can complicate the process. Please speak with a loan officer prior to beginning construction.


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 70% for rate and term refinances on fully improved residential lot where future owner-occupied home is to be constructed.
  • 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 receive a rebate - ask us how
  • Credit report, document preparation, flood certification: see loan officer for details
  • Appraisal varies based on area
  • Choose your own title company

Easy documentation:

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

Available in Arizona, Idaho, Nevada, New Mexico, and Utah.

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

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:

Twelve-month term, with extensions available

Low fees-

  • Origination fee is only 1.00%
  • Underwriting fee: $595 - No additional underwriting, processing or document preparation fees on long-term loans
  • Appraisal: $500 or current cost
  • Inspection fee:  From $1,620 
  • 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 Arizona, Idaho, Nevada, New Mexico, and Utah.

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

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 1.50%
  • Underwriting fee: $595 - No additional underwriting, processing or document preparation fees on long-term loans
  • Appraisal: $500 or current cost
  • Inspection fee: From $1,215
  • 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 Arizona, Idaho, Nevada, New Mexico, and Utah.

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

We offer:

  • Competitive interest rates
  • Financing up to 95% of acquisition cost*
  • Down payment flexibility
  • Twelve-months term, with extensions available

Low fees:

  • Origination: 1.50% - waived on long-term loans
  • Underwriting: $595 - no additional underwriting, processing or document preparation fees for long-term financing
  • Appraisal: $500 or current cost
  • Inspection: From $1,620 
  • Course of construction insurance: Varies
  • Title policy: Based on loan amount
  • Recording: According to county where building takes place
  • Settlement services: Per title company

Easy documentation:

  • Construction cost breakdowns
  • Lot purchase evidence, if applicable
  • Home construction plans and specifications

Available in Arizona, Idaho, Nevada, New Mexico, and Utah.

*Certain criteria apply and are subject to change. Member-direct lending available on approved credit. Loan-to-value requirements based on eligibility, terms & conditions. For a 95% LTV construction loan at 9% APR you will make one lump sum payment at the end of the loan term which will be included in your long-term financing.

We offer:

  • Competitive rates
  • Acquisition cost financing* up to 80%
  • Down payment flexibility
  • 12-month terms, with extensions available

Low fees

·       Origination: 1.50% - waived on long-term loans

  • Underwriting: no additional underwriting, processing or document preparation fees for long-term financing
  • Appraisal: $500 or current cost
  • Inspection: from $1,620
  • Processing: $1,595
  • Course of construction insurance: varies
  • Title policy: based on loan amount
  • Recording: according to county where building takes place
  • Settlement services: per title company

Easy documentation:

  • Construction cost breakdowns
  • Lot purchase evidence, if applicable
  • Home construction plans and specification

Available in Arizona, Idaho, Nevada, New Mexico, and Utah.

*Certain criteria & requirements apply and are subject to change. Member-direct lending is available on approved credit. Loan-to-value ratios are based on eligibility, terms & conditions. For an 80% LTV construction loan at 9.00% Annual Percentage Rate (APR), you will make one lump sum payment at the end of the loan’s term, which is included in long-term financing.