Notice: The Saco parking lot exit on Pleasant Street will be closed for construction Thursday, May 30th through Friday, May 31st. We apologize for the inconvenience.

Borrowing Rates

Our most current Mortgage rates, Home Equity Line of Credit rates and Auto Loan rates.

Fixed Rate Mortgages1

As of May 30, 2024
TermRateAPR2Example Payment
30 years (servicing released), no points6.750%6.831%360 monthly payments @ $6.54 per $1,000 borrowed3
30 years (servicing retained), no points7.500%7.588%360 monthly payments @ $7.05 per $1,000 borrowed3
20 years (servicing retained), no points7.375%7.487%240 monthly payments @ $8.05 per $1,000 borrowed3
15 years (servicing retained)7.125%7.261%180 monthly payments @ $9.13 per $1,000 borrowed3
10 years (servicing retained)6.875%7.063%120 monthly payments @ $11.64 per $1,000 borrowed3

1Applies to one-to four-family, owner-occupied primary residences and second homes only. Not seeing the Mortgage product you’re interested in? We offer several other loan programs and rates, some with down payment options as low as 3%. Email us or call a loan officer to ask for advice at 1-877-722-6243. Rates are subject to change without notice (in-house portfolio options also available). Call for a quote. For details about our First-Time Homebuyer Programs, contact one of our loan officers.

2Annual percentage rate.

3These payments do not include amounts for taxes and insurance premiums. If applicable, the actual payment obligation will be greater.

Adjustable Rate Mortgage (ARM)4

As of May 30, 2024
TermRateAPR2Example Payment
3/1 Year ARM: 16 to 30 years66.875%6.957%360 monthly payments @ $6.62 per $1,000 borrowed5
3/1 Year ARM: 15 years or less66.625%7.273%180 monthly payments @ $8.78 per $1,000 borrowed5
5/1 Year ARM: 16 to 30 years66.990%7.593%360 monthly payments @ $6.65 per $1,000 borrowed5
5/1 Year ARM: 15 yrs or less66.875%7.252%180 monthly payments @ $8.92 per $1,000 borrowed5
4Applies to one- to four-family, owner-occupied primary residences only. Interest rates on all ARM products can increase by up to 1.50% per change date. Over the life of the loan, the interest rate on all ARM products will never be less than 3.75% nor will it ever exceed a rate equal to the initial interest rate plus 4.00%. Other competitive rates and terms also available, including down payment options as low as 3%. Rates may increase after loan closes. Rates are subject to change without notice. Call for a quote.

5These payments do not include amounts for taxes and insurance premiums. If applicable, the actual payment obligation will be greater. Initial interest rates may be a premium or discounted rate and may not be based on the index and margin used to make later adjustments.

Home Equity Line of Credit

As of May 30, 2024
Term6RateAPR2
20 yr term - 10 yr draw period (rate is fixed for first 2 years)8.45%8.45%

6Rate adjusts monthly equal to the Prime Rate as published in the Wall Street Journal plus 0.50%. As of July 27, 2023, the Prime Rate is 8.50%. Maximum APR is 12.45%. Minimum APR is 3.95%. Property insurance will be required for this loan. You may be required to pay certain fees (such as a title search, title insurance and/or an appraisal of your home) to third parties. These fees generally total between $0 and $1,000. Pre-payment penalty of 1% of credit limit (max $1,000) if closed within 12 months of closing date. Interest rate quoted above is based on certain terms and conditions. Call for details.

Auto Loan Rates

As of May 30, 2024
TermRateAPR2Example Payment
New (untitled) – 3 years5.750%6.184%36 monthly payments @ $30.51 per $1,000 borrowed
New (untitled) – 4 years5.990%6.321%48 monthly payments @ $23.63 per $1,000 borrowed
New (untitled) – 5 years6.250%6.521%60 monthly payments @ $16.67 per $1,000 borrowed
New (untitled) – 6 years6.500%6.730%72 monthly payments @ $16.92 per $1,000 borrowed
Used – 3 years (2020-2023)5.990%6.424%36 monthly payments @ $30.61 per $1,000 borrowed
Used – 4 years (2020-2023)6.250%6.582%48 monthly payments @ $23.75 per $1,000 borrowed
Used – 5 years (2020-2023)6.500%6.771%60 monthly payments @ $19.69 per $1,000 borrowed
Call for rates on Unsecured Personal Loans, Collateral Loans, Home Equity and Mobile Home Loans.

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