MVSB Now Financing Construction Mortgages for Accessory Dwelling Units

MVSB (Meredith Village Savings Bank) is excited to expand its mortgage loan offerings with a specialized home mortgage for constructing Accessory Dwelling Units (ADU). The new solution will give local homeowners a new option for financing the addition of an attached or detached living space to their existing residence, without adjusting the rate on their current mortgage.

“As a community-focused bank, we're dedicated to addressing local housing concerns, and accessory dwellings are a great way for residents to modify their home to meet their evolving needs,” said Charlie Dowd, MVSB Vice President of Residential Mortgage Sales (NMLS# 737415). “Whether it is for generational housing or to create supplemental revenue through an ADU – we are proud to provide a financing solution tailored for this purpose.”

ADUs are fully self-contained housing units, complete with their own kitchen, bathroom, and living/sleeping area. Under state law, homeowners have the right to create an ADU for a family member, caregiver or as a rental unit, as long as it complies with all local ordinances.

To learn more about financing ADUs, visit mvsb.com/adu or contact MVSB at 800.922.6872 to speak with a lender.

MVSB has been serving the essential banking needs of people, businesses, nonprofits and municipalities for over 150 years. As a mutual savings bank, MVSB has no stockholders but rather operates for the benefit of its customers, employees and community. Since our founding, one thing has always remained true: caring is at the heart of everything we do. By building and nurturing relationships, we believe that we can cultivate a community where we all thrive. It all starts with caring about our customers and neighbors. To learn more, visit any of the local branch offices located in New Hampshire in Alton, Ashland, Center Harbor, Exeter, Gilford, Laconia, Melvin Village, Meredith, Moultonborough, North Conway, Plymouth, Portsmouth, Rochester or Wolfeboro, call 800.922.6872 or visit mvsb.com.