It's time to green-light your blueprints with an affordable loan.
You've spent hours dreaming of possibilities and drafting up plans. Now it's time to act. With an Azura loan, you can finance a land purchase to build your dream home or you can take on a major remodeling or expansion project for your current home. Whatever your goal is, you can reach it with our competitive rates, flexible options, personalized service and local expertise from people invested in our communities.
Construction Loans
When you know exactly what you want in your home, Azura can help you secure the financing you need to build it from the ground up or customize it with a remodel.
- Finance up to 85% of the value
- Fixed rate, 12-month term
- Interest-only payments paid on the amount used at time of billing
- Draw funds quickly and locally from our staff
- Construction project requires a licensed contractor and appraisal
Land Loans
Here's something you can build on. When you're looking for a piece of land to construct a home, expand your property or use for recreational purposes, a Land Loan can provide a financial foundation.
- Finance up to 75% of the value
- Fixed rate
- No acreage limits
- Requires an appraisal
Construction Loans
Effective date:
| Loan Type | LTV | Rate | APRT, as low as |
|---|---|---|---|
| Custom Construction | up to 85% | 9.50% | 9.89% |
TAPR = Annual Percentage Rate. Rate and term are subject to credit approval. APR is determined by an evaluation of applicant credit at account opening. Approval and rate may vary based on credit history, LTV, and amount borrowed. Other restrictions may apply. All credit union loan programs, rates, terms and conditions are subject to change without notice. Current interest rates shown are indicative of market conditions and individual qualifications and will vary upon your lock-in period, occupancy, loan type, credit score, purpose and loan to value and lending source. Consult a tax advisor regarding the deductibility of interest. APR's based on 15 days of prepaid interest, please call Azura for further explanation.
- Rates quoted above based on $150,000 loan amount
- Origination fee of $1,000
- Interest only for up to 12 months
Land Loans
Effective date:
| Term | LTV | Rate | APRT, as low as |
|---|---|---|---|
| 5 Years | up to 75% | 7.50% | 8.62% |
| 10 Years | up to 75% | 8.50% | 9.11% |
| 15 Years | up to 75% | 9.50% | 9.96% |
TAPR = Annual Percentage Rate. Rate and term are subject to credit approval. APR is determined by an evaluation of applicant credit at account opening. Approval and rate may vary based on credit history, LTV, and amount borrowed. Other restrictions may apply. All credit union loan programs, rates, terms and conditions are subject to change without notice. Current interest rates shown are indicative of market conditions and individual qualifications and will vary upon your lock-in period, occupancy, loan type, credit score, purpose and loan to value and lending source. Consult a tax advisor regarding the deductibility of interest. Contact a member of our home loan team for the most up-to-date rates with specific loan quote details.
Must be eligible for membership and open a share savings account to obtain a mortgage loan product. A $5 minimum balance is required to open and must be maintained in share savings account at all times.