There’s a lot of thought that goes into building a new home. How many bedrooms? Where to put the kitchen? Sconces or recessed lighting? With all this dreaming and planning, you have enough on your mind without worrying about the loan to pay for it. At Meredith Village Savings Bank, we put as much thought into building a better loan and we’ve developed a hassle-free process that lets you concentrate on your house plans...while we handle the financing.
Building a new home can be more exciting and challenging than finding an existing home to move into. The financing works a little differently, too. But when it’s done, you have the home of your dreams. At Meredith Village Savings Bank, we keep track of all the financing details so you can focus on all the other details that will help turn your new house into your new home.
All rates effective February 3, 2012, 10:26am unless otherwise noted and are subject to change without notice.
| Product Name | Term (years) | Rate | Points | Margin | Annual Percentage Rate (APR) | Monthly Payment |
| Land Loan (1 year ARM) ## | 20 | 6.000% | 0 | 4.250% | 4.599% | Payment Streams12 payments of $1,432.62 |
| Land Loan (3/1 ARM) ## | 20 | 6.250% | 0 | 4.250% | 5.014% | Payment Streams36 payments of $1,461.60 |
| Product Name | Term (years) | Rate | Points | Margin | Annual Percentage Rate (APR) | Monthly Payment |
| 3/1 ARM# (construction)* | 30 | 3.990% | 0 | 4.250% | 4.437% | Payment Streams6 months interest only based on amount outstanding |
| 5/1 ARM (construction)*# | 30 | 3.500% | 0 | 3.875% | 3.937% | Payment Streams6 months interest only based on amount outstanding |
| 7/1 ARM - Construction*## | 30 | 4.250% | 0 | 3.875% | 4.231% | Payment Streams6 months interest only based on amount outstanding |
