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RESIDENTIAL MORTGAGES |
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Land Loan-One Year ARM |
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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. |
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Rates as of Wednesday, November 19, 2008
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7.500%
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0.000
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7.509%
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$6.25
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Show Payments
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Loan to Value ratio not to exceed 80%.
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Repayment is Interest Only for first 3 years, followed by 17 year amortization.
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Three year ARM has caps of 2/6 and are based on the 3 year US Treasury rate with a 2.75% margin.
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Must be an acceptable building lot. |
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