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To support our service, we display Private Sponsored Links that are relevant to your search queries. These tracker-free affiliate links are not based on your personal information or browsing history, and they help us cover our costs without compromising your privacy. If you want to enjoy Ghostery without seeing sponsored results, you can easily disable them in the search settings, or consider becoming a Contributor. Finance the purchase of raw land in Vermont or NH with a land loan from Union Bank. Contact our experienced lenders today! . Annual Percentage Rate (APR) on SNAP rate and term refinance loans assume a loan-to-value ratio of % on a loan amount of $, for the term indicated. Additional Information: Additional programs and pricing tiers are available. Please contact us for specific terms. . The interest rate and monthly payment may adjust annually based on the 1 year U.S. Treasury, plus a margin of 3 percentage points. Caps are 5% initial, 2% annual and 5% for the lifetime cap. For 1 – 4 family owner-occupied residence, condo or mobile home on its own land; and one-unit second homes. . Getting a land loan requires meeting several lender requirements you wouldn't need for a regular mortgage. Read about the credit requirements, application processes and typical interest rates you can expect on a land loan. . The rates shown do not include potential discounts and are based on a $ million loan and 60% LTV Tooltip The loan-to-value (LTV) is the ratio of the loan amount to the appraised value of the home. for Jumbo Tooltip A jumbo loan is a mortgage loan that exceeds the conforming loan limit set . Payments do not include amounts Government loan programs will be transferred to a Mortgage Servicer and not serviced by Meredith Village Savings Bank. Please contact a Mortgage Specialist to discuss financing options and rates for construction, land, mobile homes and . A payment example for a Construction Mortgage Loan with $, loan amount and % interest rate and annual percentage rate of % will have a monthly principal and interest payment of $ . Learn about land loans with Kennebunk Savings, including what to know before considering land loans in nh & me. Find FAQ’s, related resources and more! . Finance the purchase of land or use the equity in your land toward the 20% down payment required for construction loan. Prefers construction projects. One time closing costs. Pay interest-only during construction for up to 12 months · Lock in your fixed interest rate before construction begins . Larger Down Payments – Land loans typically require a larger down payment than traditional mortgages, often as much as 20% to 30% of the asking price. If you are purchasing raw land, the preferred down payment can be as much as 30% to 50% of the total cost. . If you enjoy Ghostery ad-free, consider joining our Contributor program and help us advocate for privacy as a basic human right.
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