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RESIDENTIAL MORTGAGES  

 
Construction Loan / Construction to Permanent Loan
   

Building your dream home has never been easier! At Monson Savings Bank, we offer both fixed and adjustable rate construction-to-permanent mortgages with one closing. The construction period varies based on the term you choose with a maximum period of 12 months. Some restrictions apply.

Rates as of Friday, July 3, 2009
Interest Rate Points APR Payment per $1,000 Payments Closing Costs Apply
12 Months Construction
Term 30 Years
5.500% 0.000 5.585% $4.58 Show Payments $4,427.94
12 Months Construction
Term 15 Years
4.875% 0.000 5.008% $4.06 Show Payments $4,384.89

Construction Disclosure:
Rates are for conventional financing and are subject to change without notice. Annual percentage rates are based on $165,000.00 loan with 20% down, include 0 points, and a 12 month construction period. This offer and the above rates are subject to change or withdrawal without notice. In order to receive a guaranteed rate, an application must be submitted, an agreement signed and rate lock fee of $500.00 must be paid to Monson Savings Bank. Alternative Construction Terms are available. Contact Bank for Non-Conforming and Jumbo Rates.