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When you want to build a new home, or improve your existing home, we have the right mortgage for you. Our Construction-to-Permanent Mortgage Program is convenient and cost-effective. This two-step loan calls for a construction period where you pay interest only on the funds drawn for a 12 month period (or less if the construction is completed). When your construction is complete, the loan automatically converts to a regular monthly payment of principal and interest.
This means you only have one closing - which saves you time and money. You'll also get a guaranteed rate of interest throughout the construction period and on your permanent financing. Construction loans are available on any of our standard mortgage products. Loans are also available on modular homes.
Put the experience and knowledge of our Construction Lending Division to work for you. Please call one of the numbers listed below or click on the e-mail link:
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Paul J. Adams
Vice President
6 Main Street, Natick, MA
508-315-5417
padams@middlesexbank.com
Ralph Nichols
Vice President
6 Main Street, Natick, MA
508-315-5421
rnichols@middlesexbank.com
Builders contact:
Dennis Carlson
Vice President
120 Flanders Road, Westborough, MA
508-599-5847
dcarlson@middlesexbank.com
Chris Vericker
Assistant Vice President
120 Flanders Road, Westborough, MA
508-599-5849
cvericker@middlesexbank.com |
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Rick Cole
Construction Loan Officer
200 Baker Avenue, Suite 203, Concord, MA
978-344-5065
rcole@middlesexbank.com
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** May not be available on 30 year fixed rate or 30 year fixed rate jumbo mortgage products. Please speak with a representative for more details.
Please Note: Please do not send any confidential information in an e-mail to the Bank. This includes account numbers, social security numbers, password or PIN information.
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