Home Construction Mortgage

Do you dream of building your own home—but worry about the financing? Leave worries behind with a home-construction mortgage from Kennebec Federal Savings! 

When you work with us, we’ll simplify the financing of your new-home construction. Our One Closing Construction Loan allows you to combine construction and permanent financing into one easy loan—saving you the cost of a second closing! And you’ll save even more, thanks to the loan’s competitive fixed rate and flat construction fee.


During construction you pay interest only on the amount outstanding. Then, once the construction is complete, your loan converts to a permanent mortgage. 

Throughout the process, we’ll do everything we can to make you feel comfortable, worry-free, and fully informed. We’ll answer all your questions, keep you constantly updated, and clearly explain your financing options. You’ll feel confident and secure, knowing KFS offers:

  • Approval in minutes, not days
  • Reduced paperwork
  • No application fee
  • Option to “lock” your interest rate at application
  • Competitive interest rates
  • Local decisions
  • Local servicing

Preliminary Information Needed for Your Loan Application

  • Employer(s) name, address, and phone number for the past 2 years
  • W-2’s for the past 2 years
  • Pay stubs covering wages for the most recent 30-day period
  • Last 2 statements for all deposit accounts—checking, savings, investment, IRA, etc.
  • If self-employed, the last 2 years’ signed and dated personal and business tax returns (if applicable) with all schedules attached
  • If you currently rent, the landlord’s name and address for the past 2 years.

To learn more about our home construction mortgages, contact KFS today


Find UsLocation & Hours Call UsToll-Free (888) 249-0606 Send aSecure Message Like Uson Facebook

Next Section

Back to Top