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.
Our mortgage specialists have built their reputations on knowledge, service, and giving our customers our undivided attention. That’s why we take the time to walk you through each step of the loan process. At MVSB, we believe you should be as comfortable with your loan choices as you are with your house plans.
To simplify the process of financing your new home, construction loans have two phases—construction and mortgage. But you can secure the loan with one convenient closing. While your house is being built, you pay only interest on funds dispersed to you When your dream home is completed or at the end of your designated construction period (whichever comes first), the loan automatically switches to a principal and interest loan with the same rate and term you originally closed on.
Some banks rely on third parties to do required home construction inspections. When you get a loan from us, however, you’ll work only with us. Our team of MVSB home loan specialists brings decades of experience and a wealth of knowledge in construction financing to the process, making the whole experience easier for your builder and for you.
We work with many local builders and are experienced in all facets of construction financing. Trust us to know the unique challenges of financing homes built on an island, waterfront or mountainside property and the many other possibilities that make living in central New Hampshire so fulfilling.
Our goal is to make the loan process go smoothly so you can move into your new home as soon as possible. That’s why we offer quick pre-approval, competitive rates and convenient services.
What’s more, our knowledgeable loan specialists can come to you so you can spend your time planning the residence you’ve always dreamed of.
