S&T Bank Commits $20 Million for Special Mortgage Program to Stimulate Growth of Residential Construction Market
- Favorable Financing Options Provide Much-Needed Access to Capital -
“Our new S&T Special Residential Mortgage Construction Program will stimulate growth in the residential construction market by providing much-needed access to capital,” said
With graduated payments, the Special Residential Mortgage Construction Program will improve cash flow for borrowers during the first two years, while simultaneously offering a competitive rate through the life of the mortgage. The program is available exclusively through S&T approved builders and land developers.
“Participation in the program provides the opportunity for builders and land developers to offer their customers highly competitive mortgage rates and the immediate savings of a graduated payment plan,” added
About S&T Bancorp, Inc.
SOURCE S&T Bank