Construction Mortgage | Machias Savings Bank

By following this link, you will be leaving Machias Savings Bank's website. You may CONTINUE on or STAY here at our website.

CONTINUE STAY

By following this link, you will be leaving Machias Savings Bank's website. You may CONTINUE on or STAY here at our website.

CONTINUE STAY

By following this link, you will be leaving Machias Savings Bank's website. You may CONTINUE on or STAY here at our website.

CONTINUE STAY

Access Your Account

Skip to content.

Construction Mortgage

Construction Mortgage

Building your dream. If you're planning on building a new home, our Construction Mortgage can help make it happen. You'll pay interest-only on the funds as they are advanced so the transition period between your current home and your dream home is a whole lot easier. Plus, once construction is complete, we have a full array of permanent financing options to fit your needs.

Details

  • Interest only payment
  • Interest only accrues on the amount that is outstanding each month
  • Fixed interest rate
  • Interest may be tax deductible*
  • "Sweat" equity can be applied to an in-house loan
  • No prepayment penalty

 

*Consult you tax advisor for more information

Location: Machias edit my branch location button

4 Center Street
PO Box 318
Machias, ME 04654

(207) 255-3347
Fax: (207) 255-9439

Lobby
Mon - Thurs 7:30 am - 5:00 pm
Fri 7:30 am - 6:00 pm

 

Miranda Smith
Manager | NMLS#1774170

 

Learn more

OUR FOCUS

As a customer of Machias Savings Bank, the focus is on you. We will enhance your banking relationship by working with you to discover your banking needs. We will be there when you need us.

 

© Machias Savings Bank. All rights reserved.

Member FDIC. Equal Housing Lender logo Equal Housing Lender.
Routing Number: 211274531
NMLS Number: 469539

Sign up for our Newsletter

Your privacy is very important to us. We will never trade, sell, or give away your personal information.