Land Loan Rates

Land Loan (Purchase)

Rates as of Friday, February 3, 2012
Interest Rate Points Annual Percentage Rate Payments Closing Costs Apply
Land Mortgage 5/1 ARM Purchase or Refinance
6.000% 2.000 6.252% Show Payments and Rates $7,554.65
6.500% 0.000 6.640% Show Payments and Rates $5,575.50
*The adjustable rates shown are the rates for the five years of your mortgage and are based upon a 25% down payment. At 6.50% your monthly repayment terms for the first year would be $7.46 per $1,000 borrowed. Rate adjustments will occur after five years and will be based on the average weekly yield on U.S. Treasury securities adjusted to a constant maturity of one year plus a margin of 2.75 percentage points. 

Loans are for approved single family residential lots for personal use only. 

Maximum Loan to Value ratio is 75%. 

Maximum and amortization is 20 years. 

Other terms and conditions may apply. Call for pricing on loan in excess of $417,000.

Loan advantages at
Naugatuck Valley Savings and Loan:
Fast, Friendly Service
Low Down Payment
No Point Financing Available
Automatic Payment
Extra Help-First Time Home Buyers
Pre-qualification Letter available
FDIC INSURED
FOR CURRENT RATES CALL (203) 720-5000

RATES SUBJECT TO CHANGE WITHOUT NOTICE