Home Loans

 Local decisions and local service from a Maine home lender

Our team of experienced Maine lenders are here to help you along the way to home ownership. Whether you are a first-time home buyer or an experienced homeowner, we are here to help you achieve your dreams. We'll work with you every step of the way, from prequalification and completing the application to sitting at the closing table. We never sell the servicing of our loans to outside investors.


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Local Maine Lenders
Straight Talk

Mortgages: Residential Home Buying or Refinancing

When it comes to buying a home there are so many options, and not all of them may fit your needs. That's why our team of local Maine lenders are here to listen to your needs and guide you towards the mortgage option that fits you!

First Time Home Buyers

Not sure where to even start when it comes to buying a home? Don't worry, we have your back. Our team of local Maine lenders are here to guide you through the First Time Home Buyer Process.

Vacation Home Loans

Looking for your next oasis on one of Maine’s 2,600 lakes or maybe one of the 20 ski resorts? We'll work with you every step of the way, from prequalification and completing the application to sitting at the closing table.

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Residential Construction Loans

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".

             

 

"Angel works very hard to get you the best financing available. She is very professional & truly cares about her clients. She is a pleasure to work with & she is the reason I do business with Skowhegan Savings Bank!"

– Teresa, Corinth, ME

             

 

"Kristen was very helpful and informative when it came to purchasing our home. She provided an excellent experience that was very quick and responsive. We could not be happier with using Kristen and Skowhegan Savings Bank."

– Kimberly, Skowhegan Savings Customer

             

 

"Brandi really knows what she is doing. She is very knowledgeable of the lending industry. She will tell us up front if something won’t work and it saves everyone time. I would highly recommend using her and Skowhegan Savings for all your mortgage needs."

– Desiree, Bean Group, Realtor


Connect with one of our local mortgage experts!



Get the most out of your mortgage

Checking Account
 Pick the account that meets your needs and fit your lifestyle from anywhere
 

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.
 
Home Equity
Does your home need a new look? Using the equity in your home can make your ideas a reality!
 
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 More Questions?

What are the benefits of a community bank?





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Whether you’re purchasing or refinancing, we’re certain you’ll find us as a great fit. As a community bank, we have the flexibility to work with our customers, create great relationships, and go above and beyond to create a simple loan experience

What can I expect when applying online for a mortgage with Skowhegan Savings?

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1. You’ll complete our online application! The application will ask you questions about the home and your finances and takes less than 20 minutes to complete.

2. After completing your application, a Community Banker will contact you to introduce himself or herself and to answer any questions you may have. Your Community Banker is a mortgage expert   and will provide help and guidance along the way. If you are purchasing a new home, the Community Banker will also contact the Real Estate Broker or the seller so that they'll know whom to contact with questions

3. We'll send you your application documents to you, and you may submit documentation to verify your income assets and other application items online, by mail, or email.

4. We'll order the appraisal from a licensed appraiser who is familiar with home values in your area, as well as order title insurance to confirm the legal status of your property.

5. After we have received your application documents, reviewed all of your income verification and other underwriting requests, we'll contact you to schedule your loan closing. If you are purchasing a home, we'll also schedule the closing with the real estate broker and the seller.A few days before closing, your Community Banker will contact you to walk through the final Closing Disclosure that lists your loan term and fees so that there won't be any surprises at closing

That's all there is to it!

Can I apply for a loan before I find a property to purchase?

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Yes, you can apply to be pre-qualified before you find the perfect home! When you find the perfect home, you can get started by applying online!

What if i'm a First Time Home Buyer?

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If you have never owned a home before, and you meet certain criteria for the Maine State Housing Program, you might be eligible to receive reduced interest rates, closing cost assistance, and borrow up to 100% of the purchase price.

To discover if you qualify for this program, Give one of our Community Bankers a call today!

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