Martha's Vineyard Bank underwrites a mortgage for your employee of up to 90% of the purchase price of the home. The Bank then underwrites a second loan for the employer to offer to their employee for up to 7% of the purchase price. The employee provides a down payment for the remaining 3% of the purchase price. There is one closing for both loans and they are both serviced by Martha's Vineyard Bank. It's flexible and easy.
90% of the purchase price
Martha's Vineyard Bank underwrites and services the loan.
7% of the purchase price
Employer chooses loan term and rate Martha's Vineyard Bank underwrites and services the loan.
3% of the purchas price as a down payment
Employee repays both loans to Martha's Vineyard Bank.
Martha's Vineyard Bank is proud to announce the hiring of John Smith. Bill brings to the table...