The traditional fixed-rate mortgage has a constant interest rate and monthly payments that never change.
This may be a good choice as fixed rate loans provide the security of a mortgage payment that doesn’t change over the life of the loan. If you have taxes and insurance included in your monthly payment, those amounts can change.
Rural Development loans are designed to help qualified low to moderate income homebuyers in eligible rural areas offering 100% financing.
Rural Development works with Lenders to provide affordable homeownership opportunities for eligible rural homebuyers.
Intended for the purchase of land to facilitate the construction of a residential property within the foreseeable future.
If you are looking to purchase land, contact your mortgage loan officer for more details.
We offer single close construction loans for borrowers who wish to build their home.
If you are looking to build from the ground up or looking for a modular home, a construction loan can help you make that dream a reality.
We also offer rehabilitation loans for individuals looking to renovate an existing home.
Our highly experienced and knowledgeable mortgage lenders at Bangor Savings Bank have helped many of our customers find the perfect home mortgage to fit their needs. If you are looking to purchase a home, we can help! Contact us today to learn more.