MANCHESTER, N.H. – St. Mary's Bank yesterday said it is expanding its support of the City of Manchester's West Side Revitalization Plan, with a new loan program that offers special pricing for West Side property owners.
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The program will offer loans at rates as low as 6.25% on five-year ARMs to renovate one- to four-unit residential properties.
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.
