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Lot Loans


Carve out your place in the world

Lot Loan Options

Right place — Right time — Right funds.

Finding the perfect piece of property is an important key to building the right home. And once you find it, you don’t want to lose the land to someone else! That’s where a land or lot loan can help you. If you’re not quite ready to build but know where you’d like to be, a lot loan is for you. Deseret First can keep your payments low while you plan your dream home.

Lot Loan Highlights:

  • 1 or 3-year term options
  • Payments amortized over 30 years
  • Balloon payments include a lump sum due at the end of the term
  • Requires 20% down payment
  • Available for primary or secondary residences
  • Easy transfer to a DFCU Construction Loan
Start Plotting
Current Lot Loan Rates
Loan TermRateAPR
1-year Balloon6.00%6.00%
3-year Balloon6.25%6.25%

The annual percentage rate (APR) listed above represents our best available rate. Further, your individual rate may be higher depending upon your creditworthiness. Offer subject to change. OAC. Additional products and rates are listed here.

Loan Requirements


close up of a paper house cutout, fingers holding it in the grass

To qualify, you’ll need to:

And we can help you get there! With so many options available, let Deseret First help find the right loan for you. Apply online today! Or call a Deseret First Loan Officer at 801-456-7590 or 800-326-3328 ext. 7590. Available weekdays: 8am–7pm, Sat: 9am–2pm. Additionally, you may visit any Deseret First Branch.

Start Application

3-year Lot Loan example: Monthly payments for a $180,000 loan would be $1079.19 for 36 months. This is assuming a 20% down payment and an interest rate of 6.00% (6.09% Annual Percentage Rate). Finally on month 37, the last payment will come due in the amount of $174,030.53. The purchase transaction payment listed is an example only. It does not include taxes or insurance premiums. As such, your actual obligation amount may be greater. Membership and eligibility required. OAC.

Your loan application builds your foundation!

Start the groundwork