Finance your lot purchase with Webster First
You’re purchasing much more than a lot of land. It’s where you’ll build your home. The place where family comes together, memories are made, and futures are planned.
At Webster First, we understand how important financial decisions with new homes can be. That’s why our commitment is to you, and understanding your unique needs. We’ll help you make the right decision, so you can focus on what really matters.
Apply NowLand loan program details
Rates as low as 5.750% APR*
Terms available from 1 – 10 years
Finance up to 75% of the purchase price
No pre-payment penalties: shrink your term by making extra payments to your principal balance
Finance construction of your new home once your land loan is complete with our construction loans
Current rates
| Type | Rate | APR1 | EMP2 (per $1,000) |
|---|---|---|---|
| Adjustable Rate Mortgages | |||
| 5&1 Fixed Variable | 5.875% | 6.414% | $5.92 |
| 7&1 Fixed Variable | 6.000% | 6.390% | $6.00 |
| 7&3 Fixed Variable | 6.125% | 6.211% | $6.08 |
| 10&5 Fixed Variable | 6.250% | 6.337% | $6.16 |
| Convertible 1 Yr Adjustable | 5.750% | 6.403% | $5.84 |
| 1 Year Adjustable | 5.750% | 6.403% | $5.84 |
| 3 Year Adjustable | 5.875% | 5.959% | $5.92 |
| 7&1 Variable 40 Year | 6.250% | 6.531% | $5.68 |
| Land Loan³ | 5.750% | 6.430% | $10.98 |
| Fixed Rate Mortgages | |||
| 15 Year | 6.375% | 6.522% | $8.64 |
| 20 Year | 6.875% | 6.997% | $7.68 |
| 30 Year | 7.125% | 7.221% | $6.74 |
| 40 Year | 7.250% | 7.334% | $6.40 |
| First Time Homebuyers | 7.000% | 7.060% | $6.65 |
2:EMP = Estimated Monthly Payment.
3:Land loans 1-10 years, 25% downpayment
Our mortgage app makes it easy
Looking to buy or refinance a home? Our digital mortgage app makes it easy and convenient.
With one login, you can apply for a loan, complete tasks, securely scan and upload docs, submit payments, check on your loan status, eSign documents, and more. When you start an application online, you’ll find links to download the app to your favorite device.
How can we help?
Our dedicated loan center team is happy to answer your land loan-related questions or provide assistance with completing an online land loan application.
(774) 823-1665
Monday – Wednesday: 8:00 a.m. – 4:30 p.m.
Thursday: 8:00 a.m. – 7:00 p.m.
Friday: 8:00 a.m. – 5:00 p.m.
Saturday: 8:00 a.m. – 12:00 p.m.
Sunday: Closed
Protect the home you build on your lot
It’s never too early to start thinking about insurance. Ensure that what you build on your new land lot will be protected with homeowners insurance, offered by WebFirst Insurance, LLC., a subsidiary of Webster First.
WebFirst Insurance experts will work with you to determine the right coverage for your needs, and then search their network of carriers to find the right price.
Learn MoreAward-winning service
Rated 5 Stars by Bauer
2022 Top Lender: Banker & Tradesman
2022 Winner: Best of Central Mass
Why choose Webster First?
Smart money decisions are in our DNA
Webster First is one of the most well capitalized credit unions in Massachusetts as a result of our hard work and determination to make the best possible financial decisions. With our experience and dedicated team, we’re confident we can help you make the right financial decisions too.
Local, neighborly know-how
Our roots are in Massachusetts, opening our first branch in the small town of Webster back in 1928. Since then we’ve grown to over $1.2 billion with over 80,000 members who trust us with their banking. Since our lending team is locally grown too, they personally care about the success of their neighbors and community.
Authenticity you can trust
As New Englanders, we believe in being upfront and honest. You can expect straightforward answers to all your mortgage questions. Each relationship starts with trust and it’s the cornerstone of our acclaimed member service.