Land Loans - Country Bank- Made To Make A Difference

LAND LOANS

ACHIEVE YOUR DREAMS, ONE ACRE AT A TIME

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CLAIM YOUR PIECE OF PARADISE

LAND LOAN RATES

Competitive land loan rates make all the difference in your monthly budget and total project cost. Once you’ve found your perfect piece of land, have confidence that you can secure it with Country Bank as your financial partner.

Rate Effective Date: December 06, 2024

PRODUCTINTEREST RATECAPSANNUAL PERCENTAGE RATEMONTHLY PAYMENT PER $1,000 – PAYMENTS 1-36MONTHLY PAYMENT PER $1,000 – PAYMENTS 37-180
Building Lot (15 Year)
Product: 3/1 ARM
20% down is required
Margin 4.000%
7.750%2% / 6%8.314%$9.41$9.72
PRODUCTINTEREST RATECAPSANNUAL PERCENTAGE RATEMONTHLY PAYMENT PER $1,000 – PAYMENTS 1-36MONTHLY PAYMENT PER $1,000 – PAYMENTS 37-120
Raw Land (10 Year)
Product: 3/1 ARM
40% down is required
Margin 5.000%
8.750%2% / 6%9.310%$12.53$12.78

All Annual Percentage Rates (APR) listed assume a $165,000 mortgage and a 20% down payment unless otherwise stated.
Rates, APR (Annual Percentage Rate) and margin are subject to change based on factors such as points, loan amount, loan-to-value, borrowers credit, property type and occupancy.

Payment based on fully indexed rate for next adjustment period.
Payments do not include amounts for taxes and insurance premiums, if applicable; the actual payment obligation will be greater.
All loan applications are subject to credit approval.
Country Bank offers 60 day rate locks. You have the ability to lock in your interest rate for 60 days at any time during the loan process (up until 10 days before the closing).

CAPS: Initial Adjustment/Lifetime Adjustments.

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FEATURES OF LAND LOANS

Rate Lock Available

Country Bank offers 60-day rate locks. You have the ability to lock in your interest rate for 60 days at any time during the loan process (up until 10 days before the closing).

Flexible Uses

Finding the perfect piece of land is an opportunity you don’t want to miss. Whether you’re looking to build now or in the future, get the financing you need at Country Bank. Finance raw land or a buildable lot with our easy online application. Start investing in your future today!

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How much land can I afford?

LAND LOAN CALCULATOR

This calculator is for informational purposes only and its use does not guarantee an extension of credit. Your actual term and payment will be provided upon acceptance of a Country Bank Loan.

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HOW DO LAND LOANS WORK?

Building Your Dream From The Ground Up

Are you searching for the perfect piece of land for your future investment? Whether you are looking to build now or in the future, it is an opportunity you will not want to miss. Secure your piece of raw land or buildable lot today with the help of a land loan from Country Bank.

Land loans work for many land purchase scenarios, but they are most commonly used when home buyers have a delay before building on the new property.

 

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LOANS FOR LAND MADE EASY

Guiding Your Investment

Land loan applications don’t have to be a struggle, they aren’t at Country Bank! Enjoy a simple online application and feel empowered throughout the process with our online portal. You can apply online, manage your documents, watch for updates, and stay in touch with a mortgage expert every step of the way.

 

Feeling connected makes a difference. You’ll have access to a local land loan expert whose familiar with your town or city and local resources. Never feel alone with Country Bank. We are by your side, ready to help you get closer to your investment goals.

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BUILD YOUR FUTURE

MORTGAGE LOAN PROFESSIONALS

When you’re applying for a mortgage, it’s important to have someone you trust at your side. We’re experts at walking you through the entire process, answering your questions, and cheering you on to success. It’s what we’re made to do.

Justin Calheno

BUSINESS DEVELOPMENT OFFICER, RETAIL LENDING NMLS #5549 jcalheno@countrybank.com Direct Dial: 413-277-2370 Cell: 413-626-0395 Fax: 413-234-3243

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Janelle Soucia

RETAIL LOAN OFFICER NMLS #432695 jsoucia@countrybank.com Direct Dial: 413-277-2348 Cell: 413-262-2141 Fax: 866-757-5784

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Jomaria Velez

RETAIL LOAN OFFICER NMLS #618959 jvelez@countrybank.com Direct Dial: 413-277-2318 Cell: 413-636-2925 Fax: 866-506-7515

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Kelly Kemp

RETAIL LOAN OFFICER NMLS #432698 kkemp@countrybank.com Direct Dial: 413-277-2383 Cell: 774-200-5017 Fax: 866-726-4071

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Salema Desantis

RETAIL LOAN OFFICER NMLS #1687192 sdesantis@countrybank.com Direct Dial: 413-277-2114 Cell: 413-302-3467 Fax: 413-403-4416

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THE RIGHT MORTGAGE MAKES ALL THE DIFFERENCE

MORTGAGE OPTIONS

FIXED RATE MORTGAGE

ADJUSTABLE RATE MORTGAGE

FIRST-TIME HOME BUYER

REFINANCE

USDA LOANS

CONSTRUCTION LOAN

LAND LOANS

MOBILE HOME LOANS

INFORMATION IS KEY

LAND LOAN RESOURCES

Take control of your future finances and set yourself up for success by making informed mortgage choices today.

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FINDING YOUR SOLUTION

LAND LOAN FAQs

What information is needed at the time of the mortgage application?

We have you covered! Here is the information you’ll need when you are ready to apply for a mortgage.

What steps should I expect as part of the mortgage application process?

STEP 1: GET PRE-QUALIFIED TO MAKE YOUR PURCHASE

Fill out a mortgage application for a prequalification. As part of this process we will obtain your credit report and request income documentation. We will then determine the amount you would be approved for and issue a prequalification letter. This letter can be used to put in an offer on a home.

 

STEP 2:  APPLYING FOR YOUR MORTGAGE LOAN

If you are purchasing a property,  you will want to contact your loan officer to get your mortgage application started and submitted once an offer is accepted. If you already own the property than simply reach out to a loan officer to get the mortgage application started and submitted.

 

STEP 3: REVIEW LOAN ESTIMATE
Once we have received and processed your submitted mortgage application, you will receive your initial loan disclosure paperwork which includes your loan estimate (a breakdown of potential closing costs associated with your transaction).

 

STEP 4: PROPERTY APPRAISAL

Once you have reviewed your initial disclosure package and signed your intent to proceed. The appraisal fee will be collected and your appraisal will be ordered. The property will be appraised to establish its current market value.

 

STEP 5: UNDERWRITING PROCESS

The Loan Processor will submit your paperwork to a Residential Mortgage Underwriter who will underwrite this file to secondary market guidelines.

 

STEP 6: LOAN APPROVAL PACKAGE

After underwriting has approved your mortgage, the loan approval package will be sent out to you. Typically, this package will contain any outstanding loan conditions that are needed before the closing can be scheduled with the attorney. Once underwriting has received and reviewed the outstanding conditions, the loan will be cleared to close. At that point you will begin to work on scheduling the closing with your attorney. At least three days before your closing, you will receive your initial closing disclosure. This is a very important document as it breaks down the amount needed to bring to the closing.

 

STEP 7: CLOSING

The “closing” is the last step in buying and financing a home. This is when you and all the other parties in a mortgage loan transaction sign the necessary documents. Before you sign, make sure you carefully read and understand all the loan documents.

 

 

 

HOW CAN WE HELP YOU

CUSTOMER SERVICE

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FAQs

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Contact Us

Connect with your local banker by giving us a call or sending an email.

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BANK SMARTER

MANAGE YOUR MORTGAGE WITH MOBILE BANKING

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View Your Mortgage Balance

Knowing where your current mortgage stands can help you manage refinancing possibilities in the future.

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Pay Your Mortgage

In just a few taps, you can pay your mortgage or even set up a recurring payment so you can focus on what matters most.

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Make an Additional Mortgage Payment

Make an extra principal-only payment on your mortgage so you can pay your loan off faster.