• Monument Mortgage Co.

Construction - Permanent Loan Programs


Monument Mortgage is pleased to offer our clients new Construction Loan Programs to meet their unique loan needs.


Program Details:

  • ONE time close

  • Interest-only payments during construction

  • Lock for 12 months

  • If additional time is needed to construct, 90-day extension on rate lock for $1000

  • Primary and second homes

  • Min FICO 720

  • Available in MA, NH and ME


Conforming Loan Balance:

Program: 7/3 ARM

- Max LTV is 89.99% to conforming loan limit

- $647,200 or $770,500 (high balance counties)

ARM details: Fixed for 7 years, then adjusts every 3 years

Caps 2/2/6 Margin 3.50 Floor rate: Note Rate Index: 1 Yr UST, weekly




Jumbo Loan Balance:

Programs: 30 year fixed, 15 year fixed and 10/3 ARM

- Max LTV is 80%

- 80 to $1,500,000

- 75 to $2,999,999

ARM details: Fixed for 10 years, then adjusts every 3 years

Caps 2/2/6 Margin 2.75 Floor rate: Note Rate Index: 1 Yr UST, weekly


Call us today to discuss your options! We are here for you!

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