Construction Loans
Thinking about building versus buying? Our construction experts can help guide you through every stage of the process, from lot purchase to permanent mortgage.
Find your property. Finance it here.
We can help you finance and service your loan right here in Saco, with no time limit for development. Expect a process similar to a mortgage, with competitive rates and flexible terms.
- No time limit for development
- 30% down payment lowers your principal
- Fixed and Adjustable-Rate loan options
- Local decisions and servicing
- Satisfaction guaranteed (or we’ll reimburse your closing costs)
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.
Calculators
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Adjustable Rate Mortgage Calculator
Project your payments for an Adjustable-Rate Mortgage, which increases by intervals until it hits the rate cap.
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Fixed Rate Mortgage Calculator
Estimate your payments (principal and interest) based on a fixed mortgage rate.
Meet the SBSI residential lending team
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Homeowners Insurance
Your home is a significant investment. Safeguard it with a comprehensive Homeowners Plan, ensuring peace of mind.
Explore Loan Loans