Great Service. Great Neighbors.
We know that choosing a mortgage can be a daunting task. Our mortgage professionals provide exceptional customer service and will fully explain the different options available to you so that you can choose the best product suited to your needs. For great service, contact your neighbors today.
Adjustable Rate Mortgages ( ARMs)
Mortgages with periodic adjustments in the interest rate. ARM rates are calculated against the 1 year treasury bill index plus a margin. A wide variety of ARMs are available based upon individual needs and desires.
Fixed Rate Mortgages
Mortgages with an interest rate that does not vary over the term of the loan.
Jumbo Loans
Special programs available for Jumbo Loans (over $766,550). Specific terms and conditions apply, please contact a loan officer for more details.
Construction Loans
Interim loans covering construction costs. The loans are secured by a mortgage on the property financed. Funds are generally advanced at specific stages of construction upon presentment of invoices. With the bank's One Step Construction Loan Program, construction financing is paid off from the proceeds of a permanent mortgage which is originated at the same time as the construction loan.
Land Loans
Loans secured by land.
Manufactured Home Loans
Loans secured by new or used mobile homes. Manufactured homes may be located on either owned or rented land. Repayment term is generally shorter than loans secured by other residential structures.
Sugar River Bank offer's Federal Housing Administration (FHA) and USDA (Rural Development) financing.
We also participate in The Equity Builder Program (EBP) and Housing Our Workforce (HOW) which offers grants to households with incomes at or below 80% of the area median income with down-payment, closing-cost and home-buyer counseling.
Additional Loan Programs