Dartmouth Plus Home Purchase Assistance

(Click here for Dartmouth Plus Refinancing assistance)

Through four local banks and a mortgage broker, Dartmouth College offers Dartmouth Plus mortgages to assist eligible employees with the purchase of a primary home in the Hanover area. Dartmouth Plus mortgages allow employees seeking to purchase a home to improve upon the terms of the mortgage loans each of these banks makes available to the general public. Generally, the Dartmouth Plus program will allow borrowers to increase their purchasing power by providing the following benefits:

• Access to a variety of banking products, including fixed rate mortgages, adjustable rate mortgages and mortgage products offering interest-only and flexible payments;
• Advantageous qualification ratios and loan-to-value ratio criteria; and
• Potential credits that can be applied toward rate reduction or closing costs.

Most notably, these programs may increase housing affordability by lowering the overall interest rate and/or reducing typical closing and downpayment requirements.

All full-time employees holding regular, benefits-eligible positions are eligible to apply for the Dartmouth Plus program, although certain program features may have additional eligibility restrictions. Dartmouth Plus mortgages can only be used for the purchase of a primary residence in the Hanover/Upper Valley area. Dartmouth Plus mortgages can not be used to refinance an existing home. Note that program terms are subject to adjustment without notice.

Employees interested in the Dartmouth Plus program should refer to the program descriptions of the participating banks for further clarification.

Participating Banks

• Bank of America
• Mascoma Savings Bank
• Lake Sunapee Bank
• Ledyard National Bank
• Title Mortgage Solutions

Bank Contacts

How To Apply

• Application Procedures
• Additional Benefits (Dartmouth Credits)