Fixed Rate Construction Mortgages
||Annual Percentage Rate^^
Terms of Repayment
(Payment per $100,000^)
|Repayment Terms, Construction Phase
||Repayment Terms, Permanent Phase
||12 mos. / $197.92
||120 mos. / $937.03
||12 mos. / $208.33
||180 mos. / $666.79
||12 mos. / $250.00
||360 mos. / $421.60
^Payments do not include taxes or insurance and actual payment will be greater. Escrow is required.
Construction Phase: Interest only payment per $100,000.00.
Permanent Phase: Principal and Interest Payment per $100,000.00 for the permanent phase following the 12 mos. construction phase
^^Annual Percentage Rate (APR) is based on a Loan to Value (LTV) of 80% or less. APR is accurate as of the effective date.
*These rates are valid for mortgages up to $510,400.00, owner-occupied, single family, vacation, or second home residential properties located in CT or RI. Interest rates and APR are subject to change without notice. Rates last changed on date listed above.
$300.00 Application Fee.
$18.00 Flood Cert Fee.
$31.32 Credit Report Fee (each individual).
$43.00 Document Prep Fee.
$375.00 Appraisal fee for owner-occupied, single family properties valued less than $750,000.00. Appraisal fees on properties valued at $750,000.00 or greater will be more.
No prepayment penalty.
Other terms and conditions may apply.