Dartmouth Plus Mortgage Assistance

Dartmouth employees who are purchasing a primary residence can use all of Ledyard's standard mortgage loan products with the Dartmouth Plus program, which include the following fixed and adjustable rate loans.

Regular Full-time Employees

• A $500 credit towards closing costs;
• Relaxed criteria for private mortgage insurance on ARM loans (LTV<=85% require no PMI);
• Accommodating qualification ratios and loan-to-value ratio criteria;

Nationally Recruited Employees

Tenure-track faculty, tenured faculty who have received tenure at Dartmouth within the last 2 years, and administrators at level PDLA and above who have accepted a position at Dartmouth within the last 2 years (collectively, “nationally recruited employees”) can also use the following features to enhance existing Ledyard mortgage loan products and to improve housing affordability:

• A $500 credit towards closing costs;
• A 0.25% (25 basis points) interest rate discount on Ledyard's Adjustable Rate Mortgage (ARM) loan rate;
• A 0.125% (12.5 basis points) interest rate discount on Ledyard's Fixed Rate Mortgage loan rates;
• Relaxed criteria for private mortgage insurance on ARM loans (LTV<=85% require no PMI);
• Accommodating qualification ratios and loan-to-value ratio criteria;

Adjustable Rate Mortgage ("ARM")

All Dartmouth College employees can take advantage of Ledyard’s 1/1, 3/1, 5/1 or 7/1 ARM programs with financing up to 95%. Loans with LTV <= 85% require no PMI.

* All programs are subject to change without notice

Eligible Dartmouth Employees wishing to learn more about Ledyard National Bank’s Dartmouth Plus mortgage loan alternatives should contact:

Cathy Murray
(603) 526-5604
E-Mail: cathy.murray@ledyardbank.com