Dartmouth Plus Refinancing Assistance

(Click here for Dartmouth Plus Home Purchase assistance)

Through three local banks and a mortgage broker, Dartmouth College offers Dartmouth Plus mortgages to assist eligible employees with refinancing a primary home in the Hanover area. Dartmouth Plus mortgages allow employees seeking to refinance 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 provide 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
• Lender credits that can be applied toward refinancing costs.

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 or refinancing of a primary residence in the Hanover/Upper Valley area. Note that program terms are subject to adjustment without notice.

Employees interested in the Dartmouth Plus program for refinancing an existing mortgage should refer to the program descriptions of the participating lenders for further clarification.

Application for a Dartmouth Plus mortgage is made directly to the participating bank. When an application is submitted the employee will need to specifically reference the Dartmouth Plus program and provide proof of regular full-time employment.

• Bank of America
• Mascoma Savings Bank
• Ledyard National Bank
• Title Morgage Solution (waiting for approved terms)

Home Buyer Mortgage Assistance