- Land loans can cover up to 70% of the appraised value or purchases price (whichever is less)
- Maximum 10-year term at a low fixed rate
- Current approved buildable lot with current approved utility and septic design at time of application. Must be in the state of New Hampshire or bordering towns in York County, Maine
|Interest Rate||Points||APR*||Monthly Payment/$1,000|
|Land Loan (20 Year Payment Calculation with your 10 Year Balloon)||7.115%||1.00||7.397%||$7.82|
*APR equals Annual Percentage Rate
All Rates assume 70% financing with a 30% down payment.
NOTE: One point is equal to 1% of the amount financed.
NOTE: Must be a current approved buildable lot with current approved utility and septic design at time of application.