Unlock Value
Borrow up to 85% of the appraised value.
Get the money you need using the equity in your land.
Use your vacant land as collateral and borrow for what you need. Use the funds for:
- Debt consolidation
- Medical bills
- Home improvement projects
- And more
Rates
11.00% APR*
Land Line of Credit
Features & Benefits
- Borrow $10,000 to $50,000 or up to 85% of the appraised value
- No interest until you start using the funds
- Flexible terms available up to 12 years
- No prepayment penalty
- 5 Acres is Maximum allowed acreage
Flexible Terms
Up to 12 years.
No prepayment penalties
Go ahead. Pay off your loan early!
FAQ
Land Line of Credit Frequently Asked Questions
No. You are not penalized for paying off a loan early at Hughes.
Disclosures
Effective Date: 01-01-2025
*APR = Annual Percentage Rate. The maximum APR, for any type of loan, shall not exceed the limit set by applicable law(s). The loan rate will be the rate in effect when the loan is completed.
For members with approved credit. Minimum monthly payment will be principal and interest, amortized over loan term applicable to outstanding balance. There are no prepayment penalties. Eligible property must be located in AZ, 5 Acres is Maximum allowed acreage.
Adjustable Rate: The index is based on the quarterly average of the Wall Street Journal Prime Rate as stated on the first (1st) work day of each month within the calendar quarters beginning with January, April, July and October (“the Index”) plus a margin. On Land Line of Credit Loans, the rate shall be determined by using the Index plus a margin of 3.0% and adjusted upward to the nearest 0.250%. The APR shall be subject to modification and adjustment any quarter hereafter until this loan is fully paid and discharged and shall not exceed the maximum interest rate “cap” of 18%, whichever is less, and shall not decline below the minimum interest rate of 5%. NMLS #411592.
Rates and terms are subject to change at any time. Please contact a Credit Union employee for further information.