Real Estate Loans
Adjustable Rate Mortgages ( ARMs) - mortgages with periodic adjustments in the interest rate. ARM rates are calculated against a money index plus a margin. A wide variety of ARMs are available based upon individual needs and desires. Click Here for Rates.
Fixed Rate Mortgages - mortgages with an interest rate than does not vary over the term of the loan. Click Here for Rates.
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. Click Here for Rates.
Home Equity Line of Credit (HELOC) - loans secured by equity in a borrower's home. HELOC's allow the homeowner to tap into the accumulated equity - the difference between the current fair market value and the amount secured by a first mortgage - by writing checks that are drawn against a line of credit. Click Here for Rates.
Home Equity Loans (Second Mortgage Loans) - mortgages that are secondary to the lien created by a first mortgage. These loans generally have a fixed repayment schedule with interest computed on the entire principal balance. Click Here for Rates.
Land Loans - loans secured by land. Land loans are generally shorter in term than mortgages securing land and buildings. Click Here for Rates.
Mobile Home Loans - loans secured by new or used mobile homes. Mobile homes may be located on either owned or rented land. Repayment term is generally shorter than loans secured by other residential structures. Click Here for Rates.
Consumer/Personal Loans
Vehicle Loans - loans secured by new or used vehicles. The term and interest rates of these loans are generally determined by the age of vehicle and the amount of the borrower's down payment. Interest rates are generally fixed for the entirety of the repayment term. Click Here for Rates.
Recreational Loans - Loans secured by recreational vehicles such as motorcycles, campers, motor homes, boats, and ATV's. Click Here for Rates.
Personal/Unsecured Loans - loans backed by the creditworthiness and reputation of the borrower and not supported by collateral. Click Here for Rates.
Collateral Loans - loans secured by savings accounts, certificates of deposit, or marketable securities. Click Here for Rates.
Overdraft Protection Loans - personal lines of credit that advance funds to cover overdrafts in a checking account. Click Here for Rates.
Commercial Loans
Sugar River Savings Bank has a strong commitment to support the businesses operating in our communities. Our small business lenders take the time to get to know you and your business. We offer competitive rates and terms and all decisions are made locally.
Contact one of our loan officers for more information on the following types of commercial loans. Click here for locations and phone numbers.
- Commercial real estate
- Lines of credit
- Machinery and equipment
- Real estate investment
- Multifamily properties
- Small Business Administration
