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
APPLY NOWCompetitive 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.
PRODUCT | INTEREST RATE | CAPS | ANNUAL PERCENTAGE RATE | MONTHLY PAYMENT PER $1,000 – PAYMENTS 1-36 | MONTHLY 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% | 8.241% | $9.41 | $9.66 |
Raw Land (10 Year) Product: 3/1 ARM 40% down is required Margin 5.000% | 8.750% | 2% / 6% | 9.254% | $12.53 | $12.73 |
All Annual Percentage Rates (APR) listed below 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.
Payments do not include amounts for taxes and insurance premiums, if applicable; the actual payment obligation will be greater.
All Loans Subject to Credit Approval.
Country Bank will lock in the interest rate for sixty (60) calendar days from the date of the receipt of the loan application.
Finding competitive land loan rates can be a challenge, but not with Country Bank! We let you lock in your interest rate for sixty (60) calendar days from the date you submit your loan application.
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!
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.
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 (also known as lot 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.
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.
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.
BUSINESS DEVELOPMENT OFFICER, RETAIL LENDING NMLS #5549 jcalheno@countrybank.com Direct Dial: 413-277-2370 Cell: 413-626-0395 Fax: 413-234-3243
APPLY NOWRETAIL LOAN OFFICER NMLS #432695 jsoucia@countrybank.com Direct Dial: 413-277-2348 Cell: 413-262-2141 Fax: 866-757-5784
APPLY NOWRETAIL LOAN OFFICER NMLS #618959 jvelez@countrybank.com Direct Dial: 413-277-2318 Cell: 413-636-2925 Fax: 866-506-7515
APPLY NOWRETAIL LOAN OFFICER NMLS #432698 kkemp@countrybank.com Direct Dial: 413-277-2383 Cell: 774-200-5017 Fax: 866-726-4071
APPLY NOWRETAIL LOAN OFFICER NMLS #1687192 sdesantis@countrybank.com Direct Dial: 413-277-2114 Cell: 413-302-3467 Fax: 413-403-4416
APPLY NOWTake control of your future finances and set yourself up for success by making informed mortgage choices today.
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Read MoreWe have you covered! Here is the information you’ll need when you are ready to apply for a mortgage.
STEP 1: GET PRE-QUALIFIED
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 that
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: ACCEPTED OFFER
Once an offer is accepted, you will want to contact your loan officer to get your mortgage application 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.
Experience the difference of exceptional service when you stop by a local banking center.
FIND LOCATIONSKnowing where your current mortgage stands can help you manage refinancing possibilities in the future.
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.
Make an extra principal-only payment on your mortgage so you can pay your loan off faster.