Notice: Please be aware that there is construction next to the Biddeford branch, but we are open for regular hours. Apologies for any inconvenience.

Notice: Some SBSI customers are receiving a phone call from someone asking for their account information. We believe this may be a phishing scam – if you receive this call, just hang up. If you have any concerns, please call our Customer Care team at (207) 284-4591 right away to secure your accounts and prevent unauthorized transactions.

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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

First Time Homebuyer Program

First home? Lean on us every step of the way.

Save time and money

At Saco & Biddeford Savings, we stop at nothing to get you off to a great start. Choose one of our in-house, first-time homebuyer products and enjoy a reduced interest rate. Plus get all the perks of working with your hometown mutual bank.

  • Low down payment options
  • No Private Mortgage Insurance (PMI), potentially saving you over $100 a month
  • No application fee
  • No additional fees until the loan is approved1
  • Local decisions and servicing
  • Satisfaction guaranteed (or we’ll reimburse your closing costs)
  • $50 credit toward closing costs (just mention you learned about our program on our website)

All loans are subject to credit approval.

The Bank reserves the right to perform its due diligence assessment of the loan application and may modify the amount, or refrain from providing any financing, according to the results of its analysis. Generally, Saco & Biddeford Savings Institution provides lending services for properties located within our designated lending area. Please call one of our loan representatives for more information.

1Nothing due until approval, at which time you will pay for the cost of the appraisal. Most other costs are paid at closing.

Calculators

Home Loans

Meet the SBSI residential lending team

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