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RESIDENTIAL MORTGAGES

Land Loan-One Year ARM

At Monson Savings Bank, we offer up to 75% financing with an adjustable rate with a maximum term of 20 years on our land loans. If MSB finances construction of the dwelling within 2 years, we will pay a maximum of $200 in inspection fees. Some restrictions apply.
 

Rates as of Friday, July 30, 2010
Interest Rate Points Annual Percentage Rate Payment per $1,000 Payments Apply
Land Loan - Three Year ARM
7.500% 0.000 7.509% $8.06 Show Payments and Rates
  • Loan to Value ratio not to exceed 80%.
  • Repayment is Interest Only for first 3 years, followed by 17 year amortization.
  • Three year ARM has caps of 2/6 and are based on the 3 year US Treasury rate with a 2.75% margin.
  • Must be an acceptable building lot.