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Lot & Residential Construction Loans

These real estate loans are used to purchase property and build the home you’ve always wanted. From the ground up, SESLOC can help make that dream house yours.

Lot Loan

This adjustable rate loan has a 5-year term, amortized over 15 years1 to keep payments more affordable. It also offers a 1% annual rate cap / 5% lifetime rate cap.

Construction Loan

A fixed rate loan for construction of principal residence, with terms up to 12 months2 and a convenient payment reserve plan available. It also offers interest-only payments on funds disbursed.


Get started with an application or speak with a Mortgage Loan Officer »

For a free consultation, call (805) 543-1816, email or book an appointment »

1Payment Example: For an adjustable rate mortgage in the amount of $200,000, with an amortization of 15 years, and an initial interest rate of 6.500% (APR 6.191%*) for the first year, the estimated monthly payment for the first year would be $1,724.21. Payment example excludes amounts for taxes and insurance. Actual payment may vary based on final loan terms and changes to the rate index. Rate and payments may increase after consummation. Refer to the Payment Calculator below to estimate additional payment examples. 
2Payment Example: For a fixed rate loan in the amount of $500,000, with an interest rate of 7.000% (APR 9.440%*), the interest-only estimated monthly payment with full disbursement for a 30 day month would be $2.876.71. Payment example excludes taxes and insurance. Actual payment will vary based on final loan terms and may be higher. Refer to the Payment Calculator below to estimate additional payment examples. 
*APR = Annual Percentage Rate

Contact Us Today

 For honest, professional service, speak with a SESLOC Residential Mortgage Loan representative. They will be happy to answer your questions and help you make the right choices. Call them today at 805.543.1816 or email us at REinfo@sesloc.org.