Industry NewsMortgage

Bank offers home loans below 4%

Program helps indebted builders with low rates for buyers
Published on Mar 17, 2009

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

A small bank in the Pacific Northwest is hoping to boost sales for builders who owe the bank millions by offering mortgages to new homebuyers at less than 4 percent interest.

Banner Bank began offering the low rates through a subsidiary on March 7 in Portland, Ore., and surrounding markets, and plans to expand the program next month to Seattle and Spokane, Wash., and Boise, Idaho.

Comments