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Good Foundations Construction Loan

Construction Loan Checklist

Our program GOOD FOUNDATIONS is a construction loan program. This program offers:

  • Competitive fixed rates with terms up to 30 years.
  • Require 20% Down payment (Cash or land equity).
  • There is a One-Time Closing
  • Same fixed rate for the entire term.
  • 12 months Interest-Only Payments during the construction phase.
  • Flexible Underwriting
  • Local Servicing
  • Limited Fees
  • Local Service by our experienced loan professionals.
  • One-time loan application
  • Quick loan approval
  • Fast document processing and loan closing
  • Low closing costs

For more information call, 207.783.2071 to make an appointment to speak with our knowledgeable Mortgage Department staff.

Apply Now 

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Construction Loan Rates

Effective 07/02/2018 

Rates are subject to change daily. 
80% Loan-to-Value 
* Annual Percentage Rate

 Terms  Rates  APR*
 15 Yr  4.875%  5.171%
 20 Yr  5.000%  5.238%
 30 Yr  5.250%  5.431%

$500 Construction fee for mobile homes, $1000 Construction fee for other homes

Example of a Construction loan without Annual Taxes or Insurance: 180 monthly payments of $764.99 based on a $100,000 loan, at 4.50% which equals to $7.65 per thousand. Your payment will vary due to amount, term and interest rate. Other rates and terms available. Membership eligibility required, including $25 minimum share account balance. Fixed interest rates based on credit score. 

NCUA Logo     Equal Housing Lender Logo

Your savings federally insured to at least $250,000 by the National Credit Union Administration (NCUA) and backed by the full faith and credit of the United States Government.

About Us

CONTACT US
  • Address: 555 Sabattus St., Lewiston, ME 04240
  • Branch Locations
  • Phone: 207-783-2071
  • Routing #: 211287913
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