LB Modular - Specializing in Modular Homes and Modular Additions
 

30 Year Fixed Rate Mortgage
Custom Construction


Manchester

(Colonial Park Series)

Darlington

(Providence Pointe Series)

Summit


(Crestmont Series)

Providence

(Advantage Series)

Purchase Price*

$104,000

$89,700

$79,300

$68,300

5% Down Payment

$5,200

$4,485

$3,965

$3,415

Loan Amount

$98,800

$85,215

$75,335

$64,885

Interest Rate

6.750%

6.750%

6.750%

6.750%

Points

0

0

0

0

APR

6.804

6.804

6.804

6.804

25% Interest Only Payment**

$138.94

$119.83

$105.94

$91.24

50% Interest Only Payment**

$277.88

$239.67

$211.88

$182.49

75% Interest Only Payment**

$416.81

$359.50

$317.82

$273.73

Final Principal & Interest Payment

$640.81

$552.70

$488.62

$420.84

*Purchase Price includes delivery of home & set on foundation. Site work is not included in purchase price.
**Interest only payments shown are based on a 12 month term.
Additional Loan Programs available include 15, 20, 25 year fixed rate mortgages and 3/1 & 5/1 MTA ARMs.
Lot Loan financing also available (20 year term, fixed rate).
Teacher/School Administrators additional discount of 0.50% reduced points.
Washington Mutual specializes in Custom Construction loans to creditworthy borrowers for the following purposes:

  • Finance the purchase of a lot and construction of residential housing upon that lot
  • Finance the construction of residential housing upon a lot already owned

This is not an advertisement to the consumer of loan terms. Information is subject to change without notice. This is not an offer of credit nor a commitment to lend. Your actual rate and fees may vary and will be established based on the terms of your specific transaction. Rates shown are for scenario purposes only. Please contact 978-251-5200 for current rates.

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