FDIC-Insured - Backed by the full faith and credit of the U.S. Government Construction Mortgage Rates
For inquiries regarding construction mortgages, Essex Bank offers competitive rates and a single closing solution.
Contact an Essex Bank Mortgage Loan Officer for rates and specific information
Residential Building Lots
Maximum Loan to Value 75%.
Fixed rate payment based upon an amortization schedule of 20 years with a balloon payment due in 8 years.
Contact an Essex Bank Mortgage Loan Officer for rates and specific information
Personal Home Equity Lines of Credit (HELOC) Rates
Variable Rate Product.
Credit Lines from $10,000 to $250,000.
Credit Lines Under $25,000: Wall Street Journal Prime Plus 1.25% and rate is currently 8.5% APR.
Credit Lines of $25,000 or More: Wall Street Journal Prime and rate is currently 7.250% APR.
An Annual Fee of $50 is charged during the draw period (waived for the first year).