Lenders for seasonal properties

lfm · 08-22-2014, 08:32 PM

I am looking for recommendations for lenders on a mortgage for a seasonal property. Which local banks should I contact?

Thanks.

MAXUM · 08-22-2014, 10:35 PM

Quote:

Originally Posted by lfm

I am looking for recommendations for lenders on a mortgage for a seasonal property. Which local banks should I contact?

Thanks.

Meredith Village Savings Bank. They are great to deal with.

Descant · 08-22-2014, 11:00 PM

I think Peoples will do this. Try [email protected] for the leading mortgage person. Mention the forum. Lynn is great and will give guidance even if not their type of loan. It probably helps if you're a People's customer, but I bet that's true anywhere. Maybe you can become a customer?

wifi · 08-23-2014, 08:04 AM

DITTO on MVSB, they are local to NH and understand the Lakes Region and its special needs.

I've had zero success on large, national banks, like Chase. I was declined because my land value was more than the house.... duh, I live on the lake, they weren't convinced.

Broken Glass · 08-23-2014, 08:32 AM

Tammy Cote, a lake resident herself, is fabulous with lake properties. Tammy is the most helpful and knowledgeable loan officer I have ever met. Her contact information is on the Bank of New Hampshire website.
You will not be disappointed!

pjard · 08-23-2014, 08:49 AM

I agree with the comments on Tammy Cote. I have done 3 different notes with Bank of NH and Tammy specifically. Very helpful and makes the process easy.

Pineedles · 08-23-2014, 09:12 AM

I to would recommend MVSB. Back in early '60s my parents went to them for a mortgage on a cottage in Mltnbro. and got it, even though Dad was currently out of work.

wifi · 08-23-2014, 09:15 AM

I could never get someone to call me back from BoNH, tried several times, before moving on. I guess YMMV

striker · 08-23-2014, 09:38 AM

Peoples does do camp/seasonal properties -contact me if you want details
cell phone is 759-4466

lynn

DesertDweller · 08-23-2014, 11:46 AM

We used Lori Borrin at MVSB and were very happy. We had some concerns about the process since it was a second home but it was pretty straight forward and was taken care of pretty quickly. Only issues we had during the process were seller related (which in our case was a bank).

RLW · 08-23-2014, 01:00 PM

paulamer, I was just browsing through the forum and noticed that you are fairly new to posting on the forum after joining back in May 2010. We are glad that you have come aboard and joined us. Have fun and enjoy the Winni Forum while making many new friends.

I just happen to see that you have been viewing the threads today. You are more than welcome to join in and state your feelings on any of the subjects or create one of your own. Have a Great Day.

AKADQ · 08-23-2014, 03:57 PM

Quote:

Originally Posted by lfm

I am looking for recommendations for lenders on a mortgage for a seasonal property. Which local banks should I contact?

Thanks.

Definately MVSB...

hig · 08-23-2014, 04:30 PM

MVSB. Awesome to work with.

lfm · 08-24-2014, 10:29 AM

Thanks for all of the recomendations. This forum is a great resource.

08-22-2014, 08:32 PM	#1
lfm Senior Member Join Date: Sep 2003 Location: Alton Bay Posts: 96 Thanks: 29 Thanked 6 Times in 4 Posts	Lenders for seasonal properties I am looking for recommendations for lenders on a mortgage for a seasonal property. Which local banks should I contact? Thanks.

08-22-2014, 11:00 PM	#3
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,596 Thanks: 1,418 Thanked 1,705 Times in 1,109 Posts	Lenders I think Peoples will do this. Try [email protected] for the leading mortgage person. Mention the forum. Lynn is great and will give guidance even if not their type of loan. It probably helps if you're a People's customer, but I bet that's true anywhere. Maybe you can become a customer?

08-23-2014, 08:32 AM	#5
Broken Glass Senior Member Join Date: Jun 2008 Location: Atkinson,NH/Rattlesnake Island Posts: 166 Thanks: 337 Thanked 70 Times in 29 Posts	Bank of New Hampshire Tammy Cote, a lake resident herself, is fabulous with lake properties. Tammy is the most helpful and knowledgeable loan officer I have ever met. Her contact information is on the Bank of New Hampshire website. You will not be disappointed!

08-23-2014, 09:38 AM	#9
striker Junior Member Join Date: Apr 2014 Location: So. NH Posts: 6 Thanks: 0 Thanked 1 Time in 1 Post	seasonal properties Peoples does do camp/seasonal properties -contact me if you want details cell phone is 759-4466 lynn

08-23-2014, 01:00 PM	#11
RLW Senior Member Join Date: Jul 2002 Location: Alton Bay on the mountain by a lake Posts: 2,023 Thanks: 563 Thanked 444 Times in 311 Posts	*paulamer,* I was just browsing through the forum and noticed that you are fairly new to *posting* on the forum after joining back in May 2010. We are glad that you have come aboard and joined us. Have fun and enjoy the Winni Forum while making many new friends. I just happen to see that you have been viewing the threads today. You are more than welcome to join in and state your feelings on any of the subjects or create one of your own. Have a Great Day. __________________ There is nothing better than living on Alton Mountain & our grand kids visits.

The Following User Says Thank You to MAXUM For This Useful Post:
lfm (08-23-2014)

The Following User Says Thank You to Descant For This Useful Post:
lfm (08-23-2014)

08-23-2014, 08:04 AM	#4
wifi Senior Member Join Date: Jul 2007 Location: Lakes Region Posts: 1,321 Thanks: 282 Thanked 287 Times in 169 Posts	DITTO on MVSB, they are local to NH and understand the Lakes Region and its special needs. I've had zero success on large, national banks, like Chase. I was declined because my land value was more than the house.... duh, I live on the lake, they weren't convinced.

08-23-2014, 08:49 AM	#6
pjard Senior Member Join Date: Aug 2002 Location: Gilford, NH Posts: 649 Thanks: 528 Thanked 196 Times in 103 Posts	I agree with the comments on Tammy Cote. I have done 3 different notes with Bank of NH and Tammy specifically. Very helpful and makes the process easy.

08-23-2014, 09:12 AM	#7
Pineedles Senior Member Join Date: Aug 2004 Location: Moultonborough & CT Posts: 2,550 Thanks: 1,072 Thanked 672 Times in 369 Posts	I to would recommend MVSB. Back in early '60s my parents went to them for a mortgage on a cottage in Mltnbro. and got it, even though Dad was currently out of work.

08-23-2014, 09:15 AM	#8
wifi Senior Member Join Date: Jul 2007 Location: Lakes Region Posts: 1,321 Thanks: 282 Thanked 287 Times in 169 Posts	I could never get someone to call me back from BoNH, tried several times, before moving on. I guess YMMV

08-23-2014, 11:46 AM	#10
DesertDweller Senior Member Join Date: Aug 2011 Location: Las Vegas, NV and Moultonborough, NH Posts: 404 Thanks: 27 Thanked 96 Times in 80 Posts	We used Lori Borrin at MVSB and were very happy. We had some concerns about the process since it was a second home but it was pretty straight forward and was taken care of pretty quickly. Only issues we had during the process were seller related (which in our case was a bank).

08-23-2014, 04:30 PM	#13
hig Senior Member Join Date: Jul 2012 Posts: 58 Thanks: 41 Thanked 15 Times in 12 Posts	MVSB. Awesome to work with.

08-24-2014, 10:29 AM	#14
lfm Senior Member Join Date: Sep 2003 Location: Alton Bay Posts: 96 Thanks: 29 Thanked 6 Times in 4 Posts	Thanks for all of the recomendations. This forum is a great resource.