First Time Homebuyers
We go the extra mile for a strong beginning. Opt for our fixed-rate in-house products, with reduced interest for first-time homebuyers.
Welcome home
Medical school is expensive, but it can pay off once you become a doctor. Our Medical Doctor Mortgage Program recognizes the student loan burden many doctors carry, offering up to 100% financing for those who qualify, with no Private Mortgage Insurance (PMI) required. We can even qualify borrowers based on executed employment contracts, giving you a head start before your first day on the job.
- 100% financing available
- Use of employment contracts for qualification
- Fixed and Adjustable-Rate Loans
- Local decisions and servicing
- We work with a network of local attorneys, appraisers and other real estate professionals who know us and are easily accessible.
- Once the final loan paperwork is signed, your loan stays right here and does not get sold.
- Satisfaction guaranteed (or we’ll reimburse your closing costs)
- Available on primary residences only (1 to 2 units); no cash-out refinances
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
Find more of what you're looking for
Government Loan Programs
Unlock your dream of homeownership with federally backed FHA and VA loans. Finance major home improvements too.
Explore Medical Doctors Program