LAND LOANS
Laborie Credit Union Logo
Laborie Branch  758.459.6900
Vieux-Fort Branch  758.459.6925
Laborie Co-operative Credit Union Ltd.
Have you found the ideal lot?
Perfect location, the right size and a great view, but you’re not yet ready to build?
No problem! We offer land loans at competitive interest rates to get you started on the road to owning
your dream home, so that when you’re ready to build, we’ll be here to continue the journey with you.

You would need:
Security Required: 5% cash and a Mortgage
Repayment Period: 15 years maximum

Other Requirements:
•  Letter from employer stating length of service
•  Recent salary slips
•  Required share deposit
•  If self-employed, evidence of income
•  Funds for legal fees
•  Vendor’s letter stating price and willingness to sell
•  Copy of vendor’s Deed of Sale
•  Copy of Land Register (recent)
•  Copy of appraised value of the property done by an approved Valuer and addressed to the Credit
    Union
•  Evidence of status of both vendor and purchaser at Income Tax Department
•  Evidence of status of both vendor and purchaser at NIC
•  Life insurance assigned to the Credit Union