Whether you're planning a major home renovation, consolidating debt, or financing a significant purchase, our Home Equity Loan and Home Equity Line of Credit (HELOC) options offer the flexibility and financial leverage you need. Available exclusively to homeowners in Maine, these solutions are tailored to fit both your short-term and long-term financial goals, ensuring that you can tap into your home's equity with confidence and ease.
Our Home Equity Loan provides a fixed amount of money, repayable over a fixed period, with a fixed interest rate. It's the perfect option for homeowners looking for stability and predictability in their financial planning.
Fixed Interest Rates
Enjoy peace of mind with a fixed monthly payment for the life of your loan.
Loan Terms
Choose from various terms ranging from 10 to 30 years, allowing you to tailor your repayment schedule to your specific needs.
Borrowing Limits
Our program accommodates various financial needs with loans ranging from $75,000 to $400,000.
LTV Ratio
Borrow up to 80% of your home's value, ensuring you have access to the funds you need while maintaining equity in your home.
Adjustable Rates
Take advantage of potentially lower rates with an adjustable interest rate that moves with the market.
Credit Score
A credit score of at least 640 makes our products available to a broad spectrum of homeowners.
Financial History
Applicants should have no significant delinquencies or late payments in the past 24 months to qualify.
Debt-to-Income Ratio
A maximum debt-to-income ratio of 45% is required to ensure borrowers can comfortably manage their loan payments.
Property Types
Whether it's a 1-2 family owner-occupied property, an approved condo, or a double-wide mobile home on your land, our loans are designed to fit your unique housing situation.
Residency
Loans are available for primary and second residences, offering flexibility for different homeowner needs.
Geographic Eligibility
Our services are proudly offered to residents of Maine, providing local homeowners with tailored financial solutions.
We understand that your home is more than just a place to live; it's a significant investment and a source of pride. That's why we're committed to offering home equity products that are transparent, flexible, and tailored to meet the diverse needs of Maine homeowners. With competitive rates, a range of terms, and a focus on customer service, we're here to help you unlock the financial potential of your home.
Ready to get started? Contact us to learn more about our Home Equity Loan and HELOC options. Start achieving your financial goals by leveraging the equity in your home.
We bring a customized, unique approach to mortgages. Our lending solutions use the perfect hybrid of human-driven insights and technical prowess to process loans faster and significantly reduce costs.
