Construction & Land Loans

Rates and terms described are based on the following assumptions. The purpose of the loan is to purchase vacant land, with a loan amount of $75,000 and an estimated land value of $100,000. The term of the loan is 15 years. The property is located in Connecticut. The rate lock period is 60 days and the assumed credit score is 740. Rates are subject to change without notice. Interest rate remains fixed during the term of the loan. Interest rates are subject to credit and property approval. Interest rates and APRs may vary depending on loan details, such as points, loan amount and your credit. The rates shown are available to borrowers with a satisfactory credit history.

Rates and terms described are based on the following assumptions. The purpose of the loan is to purchase property for the construction of a new dwelling. A loan amount of $160,000 and an estimated property value of $200,000. The property is located in Connecticut. The property will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 60 days and the assumed credit score is 740. Rates are subject to change without notice. All mortgages with less than 20% down payment may require PMI (Private Mortgage Insurance). The rate and point structure will be the same as mortgages with a 20% down payment. Interest rates are subject to credit and property approval based upon secondary market guidelines. Interest rates and APRs may vary depending on loan details, such as points, loan amount, your credit and property occupancy. The rates shown are available to borrowers with a satisfactory credit history.