We have a new and exciting loan program with Peoples Bank, in effect through summer 2009! Loans for homes are lower than in the last 30 years and we have teamed up with Peoples to go even lower for your lot loan! Effective immediately and through August 31, Peoples Bank will offer an interest-only, two year term lot loan at 3%!
No hidden fees, no plan to raise the rates after a few payments but 3% fixed for the two years. This plan is exclusive to the Hecht Development communities listed below and your closing costs are also paid as part of this loan program!
The program is simple. Just visit any of the communities below, and choose your favorite lot. Contact the Peoples Bank representatives through their contact information below and apply for your loan. Peoples Bank requires a down payment (normally 20%) then will process the loan and once you are approved will schedule your lot closing. The loan interest rate is 3% and your payments are based on that figure.
For example, take a $70,000 lot in Kerns Meadow. With a 20% down payment, you would have a loan amount of $56,000 and at 3% your monthly interest payments would be $140.00. Closing costs are paid by Hecht Development, and for two years after closing you would have the $140.00 per month payment, plus of course property taxes and Association dues for your lot. That gives you plenty of time to prepare to have your dream home built, without the stress of a large payment.
Again, the loan rate is fixed for the two year term. You are the lot owner and are free to plan for a new house, sell your lot to someone else and make a profit, or anything else within the community restrictive covenants.
The 3% loan program is offered at: Kerns Meadow James Plantation Autumn Woods Stoney Ridge
For any financial questions, please contact Peoples Bank (Mark, Rhonda or Kim) at 704-489-8940. Peoples Bank is a great community bank, with branches in the North Mecklenburg, Lincoln, Iredell and Catawba County area.
Communities
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For more than a quarter-century, Hecht Development, in conjunction with Hecht Properties, LLC, has been helping create high-quality, unique neighborhoods with the features that Lake Norman area homeowners desire.
Hecht Development specializes in acreage tracts of land - both the locating and purchasing of tracts of land to develop neighborhoods, and the marketing of tracts for owners who wish to sell. We offer individual lots in communities to homeowners who want to build custom homes with their own builders. We also offer new home communities where distinctive area builders are selected to construct homes for sale.
Since our founding in 1979, Hecht Development's reputation for quality has been built on its team approach to land development. The Hecht Development team is a small, well-knit group of professionals with many years of experience in the Lake Norman-area real estate market.
Every community we create starts with a clear understanding of each tract of land and its features, strengths and potential. We consider what has been successful in the market as well as the preferences of current Lake Norman area homebuyers. By combining this local knowledge with the expertise of surveyors, engineers, construction managers and designers, we create well-planned neighborhoods with the features that families want in a site for their new homes.
With this successful team approach, we have developed the following communities in partnership with our sister company, Hecht Properties, since 2001. C lick for live Google Subdivision Map
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Commercial
Links
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388-B N. Highway 16
Denver, NC 28037
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