Facing home improvement costs due to drought-related challenges?
Mascoma Bank has created a special home improvement loan to help homeowners with the recent drought for items like drilling a deeper well, water delivery, etc. Our Emergency Drought Loan is available to people in the Bank’s primary service areas. You can borrow up to $15,000 at a very competitive rate and zero processing fees.
Emergency Drought Loan Requirements:
- Service Areas include the following counties:
New Hampshire: Coos and Grafton
Vermont: Windsor and Orange - Loans up to $15,000
- Loan term up to 7 years
- Interest rate – 4.99%
- Must meet underwriting requirements
- No processing fees
- This loan is ONLY for drought related issues such as drilling well and water delivery
- Documentation will be required (such as invoices)
- Loan proceeds will be payable to contractors
- Please enter “Emergency Drought Loan” in the Loan Purpose field – this will help with processing
For additional information about the Emergency Drought Loan and rates, visit your local branch or contact our Customer Care Team at 1-888-627-2662
APR: 4.99% | APR is based on a $15,000 loan amount | 7-year term | No processing fee
The 4.99% APR is based on an example loan amount of $15,000 with 84 monthly payments of $211.97. Rates are subject to change without notice. limited time offer.