Good Foundations Construction Loan
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.
Construction Loan Rates
Rates are subject to change daily.
* Annual Percentage Rate
| 15 Yr
| 20 Yr
| 30 Yr
$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.