Land Loans

We can help you purchase your perfect property. Our personal approach simplifies the loan process with features such as:

No Construction Necessary: SBSI will finance land loans and does not impose a time limit for development of the land.
Down Payment: SBSI requires a 30% down payment on land 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.
Various Loan Options: Fixed rates and Variable rates are available.
Satisfaction Guaranteed:If you are not happy with our loan process for any reason, we will reimburse you for your closing costs paid - guaranteed.

Want to see how much loan is best for your budget? View our loan calculators to get a better idea of monthly loan payments and the loan amount that is right for you and your budget.

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.

Land Loans

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Home Loans

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