BUSINESS MORTGAGES
RESIDENTIAL PROPERTIES: NON-OWNER OCCUPIED, 1-4 FAMILY
FIXED RATES
| NUMBER OF UNITS | DOWN PAYMENT | AMORTIZATION | POINTS | PMI |
| 1-2** | 10% | up to 30 years | 0-2
1/2 | Y |
| 1-2** | 20% | up to 30 years | 0-2
1/2 | N |
| 3-4** | 25% | up to 30 years | 0-1
1/2 | N |
VARIABLE RATES*
| NUMBER OF UNITS | DOWN PAYMENT | AMORTIZATION | POINTS | PMI |
| 1-4 | 20% | up to 20 years | 0-1 1/2
| N |
RESIDENTIAL PROPERTIES WITH 5 OR MORE UNITS
VARIABLE RATES*
| NUMBER OF UNITS | DOWN PAYMENT | AMORTIZATION | POINTS | PMI |
| 5+ | 20% | up to 20 years | 0-1
1/2 | N |
COMMERCIAL PROPERTIES (INCLUDING MIXED USE PROPERTIES WITH RESIDENTIAL UNITS AND BUSINESS SPACE)
VARIABLE RATES*
| NUMBER OF UNITS | DOWN PAYMENT | AMORTIZATION | POINTS | PMI |
| 1+ | 20% | up to 20 years | 0-1 1/2
| N |
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*Rates are set by the Business Banking Department based on:
- Credit Strength and Debt Ratios of Borrower(s) and Guarantor(s)
- Cash flows of property being financed
- Value of collateral
- Other considerations involved in the transaction
Credit Union for costs incurred as part of the finanacing.
Call 413-236-4155 to talk to a commercial real estate loan officer or click here to submit a Business Banking Information
Request Form.
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