MANCHESTER, N.H. - St. Mary's Bank said it is expanding its support of the City of Manchester's West Side Revitalization Plan, with a new loan program that offers a special pricing for West Side property owners. The program will offer loans at rates as low as 6.25% on five-year ARMs to renovate one- to four -unit residential properties.
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The credit union initially set aside $12 million in residential and commercial financing when the project launched last year. In July, St. Mary's also dropped rates significantly on its commercial West Side loans.(c) 2008 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved.http://www.cujournal.com/ http://www.sourcemedia.com/
