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Loan Rates

Effective as of:
Friday, May 09, 2008

Toll Free anywhere in the US (877) 886-1020
Toll free in Maine (800) 325-7553

Rates may vary due to credit score
Construction Loans
 

Please contact any of our loan officers for the details of our very user-friendly construction loan.

  • One Closing
  • Multiple Disbursements
  • Save money – be your own general contractor
  • Take up to 12 months to build your home


    • Call (207)786-5700 for details.

    Home Equity Lines of Credit
    Click Here For Printable Version
    Type Interest
    Rate    		 Annual
    Percentage Rate    		 Terms
    Home Equity Line Of Credit 85% LTV** 4.490% 4.490% See ** Below, Interest Only during draw period
    The Draw Period is 5 Years. The Repayment Period is 20 Years. Normal Closing Costs are absorbed by bank. At end of the draw period, repayment is scheduled over 240 months. Effective as of 05/01/2008 Wall Street Journal Prime Rate is 5.000%. The APR* can not exceed 18%. All Home Equity Lines of Credit have a prepayment penalty of $375.00 if the loan is paid in full within 3 years. APR adjusts monthly based on an index plus or minus a margin. Flood and/or property insurance is required.
    Fixed interest rates are available for the first 1 or 2 years followed by monthly adjustments. Please inquire about current rates.
    * APR = Annual Percentage Rate
    ** LTV = Loan To Value
    Home Equity Loans
    Click Here For Printable Version
    Type Interest
    Rate    		 Annual
    Percentage Rate    		 Terms
    Home Equity Loan - LTV* 85% 6.875% 6.875% 120 Monthly payments of $11.54 per $1,000 borrowed
    Home Equity Loan - LTV* 90% 7.875% 7.875% 120 Monthly payments of $12.06 per $1,000 borrowed
    Normal closing costs are absorbed by the bank. This is a fixed rate product.
    * LTV = Loan To Value
    Mortgage Rates
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    Type Interest
    Rate    		 Annual
    Percentage Rate    		 Terms
    Mortgage 15 Year Fixed 5.500% 5.581% 180 Monthly payments of $8.18 per $1,000 borrowed
    Mortgage 20 Year Fixed 5.750% 5.815% 240 Monthly payments of $7.03 per $1,000 borrowed
    Mortgage 30 Year Fixed 5.875% 5.929% 360 Monthly Payments of $5.92 per $1,000 borrowed
    Mortgage 40 Year Fixed 6.375% 6.418% 480 Monthly payments of $5.77 per $1,000 borrowed
    Mobile/Manufcatured Homes
     

    Mobile/Manufactured Home financing is one of our specialties. We have a large variety of loan programs to purchase new or existing mobile/manufactured homes. Financing for homes in parks or on their own land are available with low down payment requirements.

    Financing is available statewide.

    Please contact us at 207-786-5700 to determine which program is best for you.
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