We know construction loans - and we know Maine
From blueprint to front door - our local lenders will help you finance your build with ease and confidence.
Have you spent months on end house hunting with no luck finding your Maine dream home? Then build it!
With our unique single close construction loans you'll be able to build your version of a "dream home".
Single Close Construction Loans
It’s easy - single close and we lock you in at a low fixed rate at the time of application.
Up to 95%* Financing
We can finance up to 80% of the appraised value or 95% with private mortgage insurance (PMI)*.
Pay Only Interest for 12 Months
Enjoy paying interest only for 12 months (if no PMI).
Land
Own your own land? Great! If not, we can help you purchase land with your construction loan.
Learn more >>
General Contractor
A Skowhegan Savings Bank approved General Contractor is required to oversee and manage the project as budgeted in your contract (containing State of Maine requirements). The budget must include a contingency for cost overruns.
Complete your financial blueprint
Checking Account
Our checking accounts are designed to make it easy to manage your finances - wherever you’re at in life.
Savings Account
A great way to start you on your way to bigger investments while providing easy, convenient access.
Digital Banking
Our online and mobile banking make managing your finances easy, intuitive and simple.
CDs & IRAs
Skowhegan Savings offers many options for your longer term savings and retirement goals.
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Your homebuying journey starts with the right information
Our Mortgage Resource Center brings everything together — guides, loan tips, and Maine-focused insights — to help you navigate each step of the homebuying process with confidence.
*Subject to credit and private mortgage insurance (PMI) approval
