Interior Savings Credit Union has arranged exclusive financing for purchasers in Sol Terra Ranch.
Offered at competitive rates, this "House Warming" mortgage offers extra flexibility for buyers, whether you plan to buy a lot or lot with modular home, plan to build now or build later.
Available financing options include:
- Five per cent down on lot purchase
- Five per cent down on lot with modular home purchase
- Flexibility and freedom with a five-year open mortgage which allows extra payments, pay downs, and pay outs with no penalty
- Pre approval available with mortgage rate guaranteed for up to 150 days
- Rental suite income can be used towards mortgage qualification
- No appraisal required for buyers with 35% or more equity
- Optional line-of-credit may be included at Prime + 0% interest
This special financing will allow you to purchase your sparkling new home and lot with less than $20,000 down and payments of less than $2,000 a month, which can be offset by rental income from a secondary suite. You can also purchase your lot and modular home and then make interest-only payments until your new home is ready for occupancy.
If you want to gradually work towards full home ownership, you can purchase your Sol Terra Ranch lot now and make interest-only payments for up to three years, giving you time to save the down-payment towards your modular home.
For more information on this special financing, click here