Mortgage Rates at Sugar River Bank, NH
There are of course a number of banks and mortgage lenders to apply for a mortgage loan with in New Hampshire. One of these banks is the Sugar River Bank which is headquartered in Newport, New Hampshire. Along with the office in Newport, Sugar River Bank has bank branches in Grantham, New London, Sunapee and Warner.
Sugar River Bank offers a variety of home loan options. The bank offers first mortgages for purchases and refinances. The bank provides construction loans or interim loans covering construction costs that are secured by a mortgage on the property financed. The bank has a One Step Construction Loan Program, in which the construction financing is paid off from the proceeds of a permanent mortgage which is originated at the same time as the construction loan. Sugar River Bank has home equity lines of credit and home equity loans that allow existing homeowners to tap into the accumulated equity. The bank also offers land loans as well as mobile home financing.
The standard mortgage loan products include adjustable rate mortgages and fixed rate mortgages. The adjustable rate mortgages come in a wide variety of terms and mortgages rates. The fixed rate mortgages have an interest rate that does not vary over the term of the loan and also comes in a variety of terms and mortgage rates.
Sugar River Bank is currently offering the following fixed mortgage rates and terms:
15 year fixed rate mortgage with one point has a mortgage rate of 4.745% APR.
15 year fixed rate mortgage with no points has a mortgage rate of 4.844% APR.
20 year fixed rate mortgage with two points has a mortgage rate of 5.066% APR.
20 year fixed rate mortgage with one point has a mortgage rate of 5.196% APR.
20 year fixed rate mortgage with no points has a mortgage rate of 5.451% APR.
30 year fixed rate mortgage with two points has a mortgage rate of 5.108% APR.
30 year fixed rate mortgage with one point has a mortgage rate of 5.270% APR.
30 year fixed rate mortgage with no points has a mortgage rate of 5.431% APR.
The bank offers the following adjustable rate mortgage terms and mortgage rates:
A one year ARM with 2/6 rate caps and a mortgage rate of 4.385% APR
A 3/1 ARM with 2/6 rate caps and a mortgage rate of 4.404% APR
A 3/3 year ARM with 2/6 rate caps and a mortgage rate of 4.780% APR
A 5/1 ARM with 2/6 rate caps and a mortgage rate of 5.047% APR
A 7/1 ARM with 2/6 rate caps and a mortgage rate of 5.375% APR
All mortgage rates are based on a minimum 20% down payment. Mortgage loans with a LTV greater than 80% require Private Mortgage Insurance (PMI). The mortgage Annual Percentage Rates (APR) are based on $ 100,000 home loan. Mortgage rates and terms are subject to change at the bank’s discretion. For current mortgage rates and home loan information contact the bank directly at 800-562-3145. Additional mortgage loan and mortgage rate information can be found at the bank website located at www.sugarriverbank.com.
To help calculate how these mortgage rates and tems impact the monthly mortgage payment visit www.selectcalculators.com. For auto loans and auto loan rates from Sugar River Bank visit www.selectautorates.com.