RESIDENTIAL MORTGAGES

Construction Loan / Construction to Permanent Loan

Building your dream home has never been easier! At Monson Savings Bank, we offer both 30 year and 15 year fixed construction-to-permanent mortgages with one closing. The construction period is a maximum period of 12 months. Some restrictions apply. Please contact one of our loan originators to apply. All construction loans require Board of Investment approval.

Rates as of Friday, February 3, 2012
Interest Rate	Points	Annual Percentage Rate	Payment per $1,000	Payments	Closing Costs
12 Months Construction Term 30 Years
4.500%	0.000	4.551%	$3.75	Show Payments and Rates	$3,767.23
12 Months Construction Term 15 Years
3.750%	0.000	3.831%	$3.13	Show Payments and Rates	$3,715.78

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. Contact Bank for Non-Conforming and Jumbo Rates. Construction Loans require Board of Investment approval.