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.

Click to download a Mortgage Application Package.

Fixed Rate Mortgages – Secured by your primary residence

• 10 Year, 15 Year, 20 Year, 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 90% of the home’s value with Private Mortgage Insurance.

Click for Primary Residence Rates.

Fixed Rate Mortgages – Secured by Mobile Home and Land

• 10 Year, 15 Year, 20 Year, and 30 Year terms are available.
• You may finance up to 80% of the home’s value.
• The home must be 15 years old or less at time of application to qualify.

Click for Primary Residence Rates.

Fixed Rate Mortgages – Secured by your secondary residence

• 15 Year maximum term.
• You may finance up to 80% of the home’s value.

Click for Secondary Residence Rates.

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 for Camp/Seasonal Property Rates.

Fixed Rate Mortgages – Secured by Land

• 15 Year maximum term.
• You may finance up to 80% of the property’s value.

Click for Land Rates.

Construction Loans

• 15 Year, 20 Year, and 30 Year terms are available.
• Single closing convenience!
• We will finance up to 80% of the home’s value, as completed.
• You may function as your own general contractor.
• You need to provide us with plans, materials list, and disbursement schedule.