Fixed Rate Mortgages
Seaboard Federal Credit Union is pleased to offer Fixed Rate Mortgage Loans. We are proud to offer local decisions and servicing.
These loans may be secured by a mortgage on your primary residence, second home, camp or seasonal property, or raw land. Check with your
accountant to determine tax-deductibility. Proceeds may be used for home purchases, refinance transactions, cash-out refinance transactions,
and home construction. Stick-built homes, as well as manufactured homes on your land, qualify for these programs. The property must be
located in Maine to qualify.
Contact Seaboard today for more information on applying for a mortgage.
Fixed Rate Mortgages - Secured by your primary residence
- 10, 15, 20, and 30 Year terms are available.
- You may finance up to 80% of the home’s value without Private Mortgage Insurance.
- You may finance up to 95% of the home’s value with Private Mortgage Insurance.
- Click here for rates.
Fixed Rate Mortgages - Secured by Mobile Home and Land
- 10, 15, 20, and 30 Year terms are available.
- You may finance up to 80% of the home’s value.
- Click here for rates.
Fixed Rate Mortgages - Secured by your secondary residence
Fixed Rate Mortgages – Secured by a Camp or Seasonal Property
- 15 Year maximum term for purchase transactions.
- 20 Year maximum term for refinance transactions.
- You may finance up to 80% of the home’s value.
- Click here for rates.
Fixed Rate Mortgages – Secured by Land
Construction Loans
- 15, 20, and 30 Year terms are available.
- Single closing convenience!
- We will finance up to 80% of the home’s value, as completed.
- You may use your land equity as down payment.
- You need to provide us with plans, materials list, and disbursement schedule.
- Click here for rates.
