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**