Home Mortgage Loans
We Can’t Wait to Welcome You Home
Home is more than a place. It’s a feeling. And if you are hoping to buy or refinance a home in Maine, Machias Savings Bank’s mortgage specialists are more than experienced lenders—they are trusted neighbors.
Home Mortgage Loans
Pre-Qualification
Estimate your borrowing potential and learn about mortgage options to fit your needs. Once you find a home, we complete a full application and verify your credit, income, assets, and property value.
Debt-to-Income
Maximum debt to income is 43%.
Credit Score
Minimum credit score of 680 for all borrowers.
Certificate
Certificate lasts for 90 days.
Fixed-Rate
Traditional financing that provides a competitive interest rate with stable monthly payments.
Loan Term
Multiple loan terms are available.
Lower Closing Costs
With this affordable loan option, we have kept closing costs minimal.
Fixed Rates
We offer a fixed mortgage rate for the entire term of the loan.
Maine State Housing
Designed for low to moderate-income first-time homebuyers in Maine, the Maine State Housing Authority Mortgage offers the market’s lowest fixed rates.
Down Payment
With a down payment as low as 0%, we can help with your homebuying dream.
Interest Rate
This loan offers a low-interest rate for the entire term.
Loan Term
This loan type offers multiple loan terms.
Construction
If you’re looking to build a home in Maine, we will work with you every step of the way, from signing your construction contract to moving into your new home.
Construction to Permanent
12 months of interest-only payments, then principal-interest payments.
Loan Term
We offer multiple loan terms.
General Contractor
To keep your new construction on schedule, we require a general contractor.
Seasonal
Financing your camp or seasonal getaway is easy with a seasonal home mortgage from us. We’re here to help make your home-away-from-home a reality.
Competitive Fixed Rate
A fixed-rate mortgage for borrowers with a competitive low-interest rate.
Repair or Purchase
Property Owner can use current seasonal property equity for repairs/buying.
Loan Term
We offer multiple loan terms for a camp or seasonal structure.
Land-Only
With a land loan, you can purchase land and build equity for future improvements without building immediately.
Down Payment
We offer affordable down payments on land as low as 25%.
Loan term
We provide multiple loan terms for purchasing your land.
Fixed Interest Rate
Your loan payments will remain fixed throughout the life of your loan.
Mobile Home And Land
Our mobile home and land loan offers a fixed-rate mortgage secured by a single- or double-wide mobile home on your land.
Mobile Home Age
To qualify for this loan, your mobile home must be built after June 1976.
Financing Options
This loan may qualify for Maine State Housing Authority financing.
Loan term
We offer multiple loan terms.
Home Equity Loan
Home equity loans can help you pay for home improvements, consolidate debt, or even make large purchases such as buying a car or paying for higher education.
Quick Funding
Quick funding with one lump sum disbursement at loan closing.
Loan Term
We offer multiple loan terms.
Interest rate
This loan type offers a fixed interest rate to keep payments simple.
Home Equity Line of Credit
Unlock the value of your home with a home equity line of credit. A HELOC is a revolving line of credit allowing you to use funds more than once.
Interest Rates
Variable interest rate based on Wall Street Prime.
Loan Term
We offer multiple loan terms.
Payments
Draw period followed by a repayment period.
Customer Portal
Access Your Mortgage Online
Our secure online customer portal lets you view and manage your mortgage status from your computer or mobile device.
Setup
Auto Payments
Learn how to set up automatic payments with a checking or savings account from Machias Savings Bank to ensure you always pay on time.
Your Information
Receiving nonaffiliated solicitations after applying for a loan?
Learn more about public information, how it’s shared, and what you can do to protect your private information.
My MSB Checking
Pay for daily expenses with a My MSB Checking account and earn 5 cents on every debit card transaction.
Personal Credit Cards
Whether you want a credit card with low rates or one that rewards you for traveling, we have a MasterCard® credit card to fit your needs at MSB.
My MSB Savings
MSB makes savings simplified with our savings account. High account balances result in increased interest rates to help you reach your financial goals sooner. Enjoy unlimited in-person transactions and no minimum balance or monthly fee.