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:
Preliminary Information Needed for Your Loan Application
To learn more about our home construction mortgages, contact KFS today!