Home & Real Estate Loans
Your home is not just a house; it’s a canvas on which you can create cherished memories with your loved ones.
Embarking on the journey of homeownership is a significant milestone, and we’re here to elevate your experience. At Maine Family Federal Credit Union, we believe in making your dream home a reality with our competitive closing costs, low down payment programs, and expert guidance.
Whether you’ve got your eye on the house around the corner or are new to the area, our experienced team is dedicated to walking you through the mortgage loan process, ensuring a seamless and stress-free journey.
First Mortgages
Discover a range of enticing loan options spanning 5-year to 30-year fixed-rate mortgages. Experience the simplicity of our pre-approval process, which assures you that your dream home is within reach. With our support, you can confidently shop for your home, knowing you can comfortably afford your monthly mortgage payment.
Second Mortgages
Your home is not just a dwelling; it’s a source of untapped potential. Leverage the equity in your home to transform your kitchen, finance a new car, or consolidate and pay down your debt. Our second mortgage loans feature fixed interest rates, offering stability and predictability throughout the entire term of the loan.
Land Loans
Our Land Loans offer you the perfect opportunity to purchase that ideal piece of land for your dream home, vacation getaway, or investment property. With competitive rates and flexible terms, we make securing financing tailored to your needs easy.
- Less than 10 acres in size
-
Soils test required
-
Must be a buildable lot
-
80% loan-to-value (20% down)
-
Refinance or purchase
-
Land must be vacant/no structures
Construction Loans
Ready to bring your dream project to life? Our Construction Loans are designed to provide the financing you need to build your perfect home or renovate your existing space. With flexible terms and competitive rates, we make the loan process seamless and stress-free.
From planning to completion, our dedicated team is here to support you every step of the way. Let’s build something together!
-
Single closing at loan signing, saving you time and money
-
Up to 80% financing
- 12-month construction phase with interest-only payments
- Fixed-rate with customized repayment terms
-
Available as a land purchase combo or with already-owned land
General Contractor Requirements
Maine Family FCU requires a signed Construction Loan Contract between the member and the contractor detailing the total construction cost. This ensures a clear and informed approval process for your construction loan.
At Maine Family Federal Credit Union, we go beyond providing financial solutions – we empower your homeownership journey. Choose us, and let’s turn your dreams into lasting memories. Your home, your legacy, and your future are all within your reach with Maine Family Federal Credit Union as your trusted mortgage partner.