Building, buying or refinancing, you’ll feel at home with us.

A home is one of the biggest financial purchases of your life. At Merrimack County Savings Bank, we put a lot of thought into customizing a loan to best suit your needs. We’ve developed a hassle-free process that lets you concentrate on bigger plans.

We keep track of all the financing details so you can focus on the finer points of making a house your home. We’re comprised of experienced local specialists who have a unique understanding of the market. So whether you’re building, buying or refinancing, you’ll feel at home with us.

Featured Rates
All rates effective Friday, November 25, 2022 unless otherwise noted and are subject to change without notice due to market fluctuations and may vary due to property and loan characteristics.
Featured Fixed Rates
NameTerm YearsExample Loan AmountLoan To ValueInitial RatePointsPpfcAprMonthly PaymentTotal Paid At End Of Loan
Fixed 30 Years - Retained302500006.3750.01816766.4411559.67561482.91
Fixed 15 Years - Retained152500006.0000.00716766.1062109.64379735.57
Fixed 10 Years - Retained102500006.0000.00716766.1492775.51333061.51
Portfolio Fixed - 30 Years302500006.750016766.8151621.50583738.29
Portfolio Fixed -15 Years152500006.375016766.4812160.63388912.66
Jumbo Fixed - 30 years306472016.750016766.7754197.731511184.01
Jumbo Fixed - 15 Years156472016.375016766.4165593.441006818.66
Construction 30 Year Fixed302500006.875047517.0611642.32591235.93

All Conventional Rates are quoted for a 45 day lock. Construction rates are quoted for a 60 day lock. Longer lock periods may be available. Payments do not include amounts for taxes and any insurance premiums or any homeowners’ association dues. Your actual payment obligation will be greater.

All Rates quoted are based on loans with a 40% down payment for single family dwellings as a primary residence. Portfolio rates are based on a maximum loan amount of $647,200. Jumbo rates are based on a loan amount greater than $647,201. To qualify for rates quoted a minimum credit score of 740 and other underwriting requirements must be met.

Portfolio, Jumbo and Construction Loans: Maximum loan to value calculations vary based on property type and occupancy status. Rates may vary due to property or loan characteristics.

 

  • APR = Annual Percentage Rate. The APR is a calculation designed to make it easier to compare loan estimates from different lenders, incorporating the different points and fees charged by the lenders as well as the stated interest rate.
  • APRs on quoted Retained and Portfolio loans reflect the quoted interest rate and points as well as a $475 document prep fee, $20 flood certification fee, $275 Underwriting Fee, $625.00 Settlement Fee, $166 appraisal management fee, $25 closing protection letter, and $90 tax related service fee.
  • Construction loans include a one (1)% construction fee on the first $500,000 of construction funds and then 1/2% fee on the amount above $500,000, for a 12 month construction period.  Loans where the borrower acts as the general contractor (Self-Builds) will have a two (2)% construction fee schedule for a 12 month construction period.  Longer construction periods may be available.
  • APRs on quoted construction loans include the quoted interest rate and points as well as a one 1% construction fee, $475 document prep fee, $20 flood certification fee, $90 tax related service fee, $275 underwriting fee, $750 Settlement Fee, $166 appraisal management fee, $25 closing protection letter, $250 plot plan fee and $200 lender inspection fee.  
Featured Adjustable Rates
NameTerm YearsPayments In First Adjustment PeriodLoan Amount ExampleDiscount Or Premium RateInitial Rate PercentagePointsMargin PercentageAnnual CapLifetime CapArm Index ValueInterim Go ToFully Indexed RateFloorPpfcMonths Between AdjustmentsInterest Only Amount MonthsInterest NoteAnnual Percentage RateMonthly Payment
5/1 ARM3060250000discount6.12503.000263.5986.6253.5001676126.491PMT #1: 1519.03 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 232992.38 PMT X: 1617.64 BAL Last: 1608.75 PMT Last: 1617.93
7/1 ARM3084250000discount6.50003.000263.5986.6253.5001676126.625PMT #1: 1580.17 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 226040.61 PMT X: 1628.63 BAL Last: 1619.69 PMT Last: 1628.93
10/1 ARM30120250000discount7.00003.000263.5986.6253.5001676126.944PMT #1: 1663.26 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 214530.96 PMT X: 1656.47 BAL Last: 1647.38 PMT Last: 1656.78
5/1 ARM Construction3060250000discount6.12503.000263.5986.6253.5004751126.591PMT #1: 1519.03 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 232992.38 PMT X: 1617.64 BAL Last: 1608.75 PMT Last: 1617.93
7/1 ARM Construction3084250000discount6.50003.000263.5986.6253.5004751126.732PMT #1: 1580.17 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 226040.61 PMT X: 1628.63 BAL Last: 1619.69 PMT Last: 1628.93
10/1 ARM Construction30120250000discount7.00003.000263.5986.6253.5004751127.061PMT #1: 1663.26 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 214530.96 PMT X: 1615.31 BAL Last: 1606.44 PMT Last: 1615.61
Land Loan (1 year ARM)2012250000discount6.37503.500263.5987.1254.001676127.119PMT #1: 1845.58 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 243605.85 PMT X: 2004.44 BAL Last: 1992.61 PMT Last: 2004.83
Land Loan (3/1 ARM)2036250000premium7.00003.500263.5987.1254.001676127.170PMT #1: 1938.25 4th Balance: 0.00 PMT 4th: 0.00 BAL X: 230836.99 PMT X: 2018.25 BAL Last: 2006.34 PMT Last: 2018.65

Payments do not include amounts for taxes and any insurance premiums or any homeowners’ association dues.. Your actual payment obligation will be greater. Monthly Payments are calculated using a $250,000 loan amount and the term quoted.

  • APR = Annual Percentage Rate. ARM = Adjustable Rate Mortgage; APR may increase after consummation.
  • For Adjustable rates, fully indexed rate is the Secured Overnight Financing Rate (SOFR) plus the Maximum loan to value calculations vary based on property type and occupancy status. All APRs assume 20% down payment.
  • Construction loans include a 1% construction fee on the first $500,000 of construction funds and then 1/2% on the amount above $500,000, for a 12 month construction period.  Loans where the borrower acts as the general contractor (Self-Builds) will have a two (2)% construction fee schedule for a 12 month construction period. 
  • Interest rate on ARM loans may increase as much as 2% per annual adjustment period and a maximum of 6% from the initial rate over the lifetime of the loan. The interest rate on ARM loans may increase after the initial fixed rate period following closing.
  • APRs for land loans reflect the quoted interest rate and points as well as a $475 document prep fee, $20 flood certification fee $90 tax related service fee and $275 underwriting fee, $750 settlement fee, $166 appraisal management fee and $25 closing protection letter. 
  • APRs on quoted construction loans include a 1% construction fee, $475 document prep fee, $20 flood certification fee, $90 tax related service fee, $275 underwriting fee, $750 settlement fee, $166 appraisal management fee, $25 closing protection letter, $250 plot plan fee and $200 lender inspection fee.
Featured Home Equity Loans

Payments do not include taxes or insurance and actual payment may be greater.

 
NameTerm YearsExample Loan AmountLoan To ValueInitial RatePointsPpfcAprMonthly PaymentTotal Paid At End Of Loan
Home Equity Loan - Fixed Rate 5 Year510000806.500006.500195.6611739.69
Home Equity Loan - Fixed Rate 10 Year1010000807.000007.000116.1113933.02
Home Equity Loan - Fixed Rate 15 Year1510000807.000007.00089.8816178.91
Home Equity Loan - Fixed Rate 20 Year2010000807.000007.00077.5318607.17
Home Equity Line of Credit

The payments do not include taxes or insurance premiums.  The actual payment obligation will be greater.

5.490% intro rate for 12 months then Prime Rate based on Wall Street Journal, subject to increase.

Interest only during the advance period, 15 year advance period, after the initial advance period entire outstanding balance including interest will be due in full.

$50.00 annual fee during advance period.

Closing Costs paid by lender, if the Line of Credit is paid in full and closed within three years of activation there will be a an early termination fee equal to the closing costs paid on your behalf, which includes flood certification fee, Settlement/Closing fee, Appraisal fee, Credit Report fee and recording fees. These costs could range from $400-$1,000.

NameTerm YearsExample Loan AmountLoan To ValueInitial RatePointsPpfcAprMonthly PaymentTotal Paid At End Of Loan

*For Home Equity Line of Credit, the interest rate and APR will be 5.490% for the first 12 months. After the first twelve months the rate will be adjusted monthly to the Wall Street Journal Prime Rate during the remaining advance period and is subject to change at any time. After the first twelve months, the interest rate will not go below 3.990% or above 18.00%. Based on these terms, and WSJ Prime = 7.000%, the variable APR would be 7.000% after the first 12 months. Rates are quoted based on property being owner occupied or a second home with 80% CLTV and a credit score of 680.