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Land-Only Mortgage

Build Equity for Your Future

With a Land-Only Mortgage from Machias Savings Bank, you can purchase land-only and build equity for future improvements or construction.

Land-Only Mortgage

We’re Offering a Convenient and Easy Way to Finance That Perfect Piece of Land for Your New Home.

Land-only loans are similar to traditional mortgages in that we will provide the funds for you to purchase land. Additional features of our Maine land-only mortgage include:

  • Down payments as low as 25%
  • Fixed interest rates
  • Multiple loan terms
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Land-Only Mortgage Details

Land-only loans are an excellent option for applicants looking to start building immediately, as well as those wishing to wait before beginning construction. Benefits of choosing us include:



We complete all servicing and decisions for land loans on a local level.

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Fast Responses

We maintain communication throughout the application process to streamline your purchase.


Easy Application

Applicants can complete our easy application online, by phone or in person.

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Online and Mobile Banking

Enjoy banking on the go or from the comfort of your home with online and mobile banking.


Auto Payments

Ensure you always pay your loan on time with our automatic payment options using your Machias Savings checking or savings account.


Easy Closing

Our streamlined closing process enables you to reach your dreams of land ownership sooner.

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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 Mortgage Team Today

Our team has helped communities across Maine reach their potential through smart financial decisions. We look forward to assisting you in the land-buying process and encourage you to reach out to a team member today to learn more about our land-only mortgage rates.

Reach Out to Our Mortgage Team

Get Ready to Apply

Whether you plan to apply for a land mortgage in person, online or over the phone, it’s essential to gather the following documents beforehand:
  •  Fully executed purchase agreement (if applicable)
  • Pay stubs from within the last 30 days
  • Bank statements from the previous two (2) months
  • W-2s from the last two (2) years
  • Tax returns from the last two (2) years
  • Current driver's license or a photo ID

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With cash-back rewards and premium features, our checking account lets you get more out of your finances.

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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.

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My MSB Savings

With no monthly or minimum balance fees, our account is a great way to create a savings habit.

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