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Construction Mortgage

Build Your Dream Home With Machias Savings Bank

If you’re looking to build a home in Maine, Machias Savings Bank can support that goal with our construction mortgages. Apply for a construction loan* today and let us help you finance the home of your dreams.

Construction Mortgage

If You're Planning on Building a New Home, Our Maine Construction Mortgage Can Help Make it Happen.

With our Construction loan, 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. Some of the top benefits of choosing us include:

  • Interest-only payments
  • We offer multiple loan terms
  • No penalties for prepayments
  • We require general contractors
  • Interest may be tax-deductible and only accrues on the outstanding amount each month**
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Construction Mortgage Details

We have helped customers across Maine achieve their financial dreams through our various financing options. In addition to working with an expert team, choosing us for your new construction financing needs include the following:



We perform all servicing and decisions on a local level to account for each customer’s situation.

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Quick Response

Get the answers you need for essential decisions sooner with our rapid response times.


Simple Application

Our simple application takes the stress out of applying so you can get the financing you need with confidence.

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Online and Mobile Banking

Enjoy banking from any device with our online and mobile banking. Download the app or access our online banking on your computer.


Auto Payments

Set up one-time or scheduled payments with your Machias Savings Bank checking or savings account to ensure you never miss a bill.


Easy Closing

Our easy closing process allows you to get the financing you need faster to break ground on time.

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Customer Portal Access

Our secure customer portal allows you to apply for and manage your mortgage application from your computer or mobile device.

Login Now To Our Mortgage Customer Portal
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Talk to Our Team Today

If you need help figuring out where to start or have questions regarding financing after completing your construction, our team is here to assist you. Reach out today to learn more.

Meet Our Team to Learn More About MSB's Construction Mortgages

What You'll Need to Apply

Having the following documents ready before you start your application can ensure the entire process goes smoothly:
  • Tax returns from the last two (2) years
  • Last two (2) years of W-2 forms
  • Bank statements from the previous two (2) months
  • Pay stubs from the last 30 days
  • A valid driver's license or photo ID
  • Construction contract with cost
  • Specs and plan

Contact Us

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First Name*
Last Name*
Do you currently bank with us?*
To protect your security when you communicate with us electronically, please DO NOT include confidential and personal information such as Social Security Numbers and account numbers.
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Our Disclosures

*Borrowers must meet the program guidelines for loan eligibility.

**Consult your tax advisor for more information

My MSB Checking

Our cash-back checking account gives cardholders 5 cents back on every debit card purchase to help them get more out of their finances.

Learn More About My MSB Checking
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Personal Credit Cards

Whether you want a credit card with low rates or one that rewards you for traveling, we have a MasterCard® credit card to fit your needs at MSB.

Learn More About Personal Credit Cards

My MSB Savings

A My MSB Savings account involves no minimum balance or monthly fees, making it a great way to make every dollar count.

Learn More About My MSB Savings
Important Notice

By following this link, you will be leaving Machias Savings Bank’s website and visiting a non-affiliated third party website. Be sure to review their terms and conditions as you will be subject to their terms of use. Click Yes to proceed or No to remain in www.machiassavings.bank.

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