Let me make it clear about Mortgage Products

No Bank Fees – Check the APR!

Kennebec Savings Bank is proud not to ever charge bank that is ANY on our biweekly and monthly fixed price mortgages. (Other third-party charges nevertheless use.)

Looking around? Ensure you are accurately comparing costs. The APR (apr) can really help. The APR is required to consist of specific charges many banking institutions love to include with their loans.

When you yourself have any queries, call us at (207) 622-5801 and have to talk with a loan provider. We are constantly pleased to assist.

Mortgage Products

Biweekly Fixed Rate Loans
Monthly Fixed Rate Loans
Adjustable Rate Loans
Construction Loans
First-Time Homebuyer & Veteran Loans
HomeAid low-cost Residence Loans
Seasonal Residence Loans
Mobile house or apartment with Land Loans
Land just Loans
Home Equity Loans
Home Equity personal lines of credit

Biweekly Fixed Rate Loans

Our signature home loan item. 50 % of a month-to-month homeloan payment is taken immediately from your KSB bank account every fourteen days, leading to significant interest cost cost cost savings, using years from the life for the home loan.

These prices assume a 20per cent down payment. Call us for any other choices.
Payment quantities try not to add fees and insurance coverage and so the real repayment responsibility will likely be greater.

Term Interest APR* 10 12 Months 3.000% 3.000% With financing level of $100,000, you could have 237 biweekly re re re re payments of $482.80 (having to pay off in mere 9 years and 2 months). 15 12 Months 3.500% 3.500% With that loan number of $100,000, you could have 352 biweekly re re payments of $357.44 (paying down in just 13 years and half a year). 20 3.750 12 months% 3.750% With that loan number of $100,000, you might have 463 biweekly re re payments of $296.44 (paying down in just 17 years and 9 months). 30 3.950 12 months% 3.950% With that loan quantity of $100,000, you could have 674 biweekly re re re payments of $237.27 (settling in just 25 years and 11 months).

Month-to-month Fixed Speed Loans

Our other option that is fixed-rate house purchasing or refinancing, billed and paid monthly.

These prices assume a 20per cent advance payment. E mail us for any other choices.
Payment quantities usually do not add fees and insurance coverage therefore the real repayment responsibility will soon be greater.

Term Interest APR* 10 3.250 12 months% 3.250% With that loan level of $100,000, you could have 120 monthly obligations of $977.19 15 3.750 12 months% 3.750% With that loan quantity of $100,000, you might have 180 monthly obligations of $727.22. 20 12 Months 4.000% 4.000% With that loan quantity of $100,000, you could have 240 monthly premiums of $605.98. 30 12 months 4.250% 4.250% With that loan quantity of $100,000, you could have 360 monthly obligations of $491.94.

30 Year rate that is adjustable

For the people about to retain their home loan for a relatively little while of the time or desire the interest to regulate (according to market rates), you can expect a range of four adjustable price mortgages that offer reduced initial monthly obligations and caps in the rate of interest.

These prices assume a 20per cent deposit. E mail us for any other choices.
Payment quantities usually do not add fees and insurance coverage and so the payment that is actual will likely be greater.

Item Interest APR* 3/3 ARM 3.250per cent 3.250percent With financing number of $100,000, you might have 36 monthly premiums of $435.21 in the initial rate of interest of 3.250per cent. The price would then adjust every three years according to a margin and index. The existing fully-indexed price is 3.250%, which may lead to 324 monthly obligations of $435.21. 5/1 ARM 3.500% 3.255per cent With financing number of $100,000, you might have 60 monthly premiums of $449.04 in the initial rate of interest of 3.500per cent. The price would then adjust every 12 months centered on a margin and index. The existing rate that is fully-indexed 3.125%, which will bring about 300 monthly premiums of $431.21. 7/1 ARM 3.650per cent 3.368percent

With financing level of $100,000, you will have 84 monthly premiums of $457.46 during the initial rate of interest of 3.650per cent. The price would then adjust every based on a margin and index year. The present rate that is fully-indexed 3.125%, which will end up in 276 re re payments of $433.98.

10/1 ARM 3.750% 3.508%

With financing number of $100,000, you will have 120 monthly premiums of $463.12 during the initial rate of interest of 3.750per cent. The price would then adjust every based on a margin and index year. The present fully-indexed price is 3.125%, which will end in 240 re payments of $438.11.

First-Time Homebuyer & Veteran Loans

Make a lesser advance payment as a qualifying homebuyer that is first-time veteran.

Various loan terms and fixed payment options (biweekly or month-to-month) available.

HomeAid Loans

Our HomeAid home that is affordable system was created to help low-to-moderate earnings candidates; talk to certainly one of our loan providers to see in the event that you qualify.

Various loan terms and payment that is fixed (biweekly or month-to-month) available. HomeAid system funds are subject and limited to earnings restrictions. Personal home loan insurance coverage might be needed. Main residences just; mobile domiciles are excluded. Needs payments that are automatic a Kennebec Savings banking account.

Construction Loans

Just pay interest during construction, having a seamless change (with no extra closings) into a normal mortgage that is residential.

Various loan terms available. Construction loans need a fee that is additional on construction expenses in addition to loan quantity; e mail us for details. Approved contractor that is general.

Seasonal Homes

For camps, cottages, along with other properties that are non-year-round.

Various loan terms, fixed re payment choices (biweekly or month-to-month), or adjustable repayment choices (3/3 supply or 5/1 supply) available.

Cellphone House With Land Loans

For mobile domiciles on fundamentals.

Various loan terms, fixed re payment choices (biweekly or month-to-month), or payment that is adjustable (3/3 supply or 5/1 supply) available. Cellphone houses should be completely connected to secure.

Land Loans

For land-only acquisitions with adjustable interest levels.

Various loan terms and adjustable payment choices (3/3 supply or 5/1 supply) available.

Residence Equity Loans

Make use of the equity that is existing have at home today. House equity term loans offer a set price choice that funds you the convenience of once you understand your re re payment will be the same always.

Different loan terms and fixed payment options (biweekly or month-to-month) available.

Residence Equity Personal Lines Of Credit

An option that is excellent your personal future borrowing requirements by providing the capacity to access the equity you’ve got in your house when you need it; also choose the method that you wish to repay it.

Various re re re payment solutions.

* APR = percentage rate that Hampshire payday loans is annual.

All loans are at the mercy of credit approval by Kennebec Savings Bank. Optimum terms listed. Shorter terms could be available; contact that loan officer for details. Greater loan-to-value funding may be accessible with personal home loan insurance coverage (PMI).