ASB - Athol Savings Bank: A Solutions Bank
ASB - Athol Savings Bank: A Solutions BankASB - Athol Savings Bank: A Solutions Bank
The solution for your home construction project. Lock in your permanent financing all in the same loan.
PLUS, keep your payments low while you build, by paying only interest for the first year of construction*!
* 6.444% Annual Percentage Rate (APR) effective 11/18/22 and is subject to change without notice. 6.250% Rate is fixed for 30 years. Interest-only payments for the first 12 months based on amount drawn. Maximum loan amount is $999,999. A down payment is required. The information provided is based on a $100,000 loan. At the end of the 12 month construction period, loan converts to a conventional mortgage. 30-year fixed-rate example shown will result in 359 payments of $659.17 and 1 payment of $614.64 of principal and interest borrowed at 6.250%. Rate and APR may be different based on credit score, and loan-to-value ratio. Payments will vary based on down payment and do not include amounts for taxes and insurance, so actual payment amounts may be greater. Maximum loan-to-value ratio is 90% and requires Private Mortgage Insurance. Builder risk and property insurance required. Flood insurance may be required. First mortgage lien required. Single-family, owner-occupied residential properties only. Offer may be withdrawn without notice. Other terms and rates are also available.