Home Loans

Home Loans

Owning a home is one of the most significant investments you’ll make, and at Aroostook Savings & Loan, we’re committed to helping you achieve your homeownership goals with personalized service and excellent loan options. Whether you’re buying, refinancing, building a new home, or using your home’s equity for improvements, our local experts are here to guide you every step of the way.

We keep all our loans in-house, ensuring that your mortgage stays local, from application to final payment. With no loan points, low closing costs, and optional accounts to save for annual real estate taxes and insurance, we provide a seamless, community-focused lending experience. Plus, our rewarding Down Payment Savings Program can help you grow your savings faster if you’re still working towards that initial down payment.

Choose Your Mortgage

Adjustable-Rate Mortgage (ARM):
Ideal for those not planning to stay in their home long-term, an ARM offers interest rates that adjust with market conditions, often starting lower than fixed rates. This option provides initial savings but comes with the potential for rate changes over time.

Construction to Permanent Loans:
Build your dream home with ease using Aroostook Savings & Loan’s all-in-one Construction to Permanent loan. This unique financing option combines construction and permanent mortgages into a single loan with just one closing, saving you time, money, and the hassle of separate loan processes.

Fixed-Rate Mortgage:
If you value stability, a fixed-rate mortgage provides consistent monthly payments with interest rates that never change over the life of the loan. Available in 20-, 15-, 10- and 5-year terms, this option offers peace of mind, especially when interest rates are low.

Why Choose Aroostook Savings & Loan?

• Local Servicing: We don’t sell our loans on the secondary market, ensuring personal service throughout your loan’s life.
• Tailored Solutions: From fixed and adjustable-rate options to construction and equity loans, we have solutions to fit your specific needs.
• Community Commitment: Every loan stays within Aroostook County, reinvesting in the community we proudly serve.

When you’re ready to build, buy, improve, or refinance, our friendly lending experts are here to help you navigate the process and find the best loan for your budget and dreams. Partner with us today and unlock a world of financial possibilities at Your Home Bank!