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At Saco & Biddeford Savings, we realize that building a new home can be stressful! With our construction loan process, we're certain that you'll feel at ease.

To make your construction loan process as easy and affordable as possible, we offer:

  • A detailed construction loan worksheet


  • Quick, local decision-making and servicing of all construction loans


  • Great rates and low closing costs


  • Quality customer service that continues even after you close your loan


  • One closing - no refinancing necessary - loan converts to permanent loan automatically, eliminating the need for two closings and additional fees


  • Up to nine months to complete the project - during the construction phase we only charge you interest on the funds you have used


  • Bank officers and consultants to review your plans, budget, contracts, and work closely with you monitoring all disbursements and subsequent lien waivers


  • Builder construction loans

  • Construction to permanent loans

  • Land acquisition loans

  • Bridge loans / blanket loans

  • Commercial construction

We look forward to helping you build your dream home!

SACO
(207) 284-4591 (FAX) 282-7908

Mark Jones - SVP/Director, Residential & Consumer Lending
(207)602-7359 Direct
(207)229-2852 Cell
jonesm@sbsavings.com

Beth Caron - AVP/Loan Officer
(207)602-7307 Direct
caronb@sbsavings.com

Lynn Duranceau - VP/Secondary Market/Projects Administrator
(207)602-7354 Direct
duranceaul@sbsavings.com

Dave Goyet - VP/Collections Mgr/Loan & Business Development Officer
(207)602-7318 Direct
goyetd@sbsavings.com

Nancy Graffam - AVP/Loan Officer
(207)602-7365 Direct
graffamn@sbsavings.com

Jeff St. Laurent - Loan Officer
(207)602-7304 Direct
stlaurentj@sbsavings.com


BIDDEFORD
(207) 284-0134 (FAX) 282-7909

Marc Lamontagne - AVP/Loan Officer
(207)602-7852 Direct
lamontagnem@sbsavings.com

Bernice Wood - VP/Branch Manager
(207)602-7850 Direct
woodb@sbsavings.com

SCARBOROUGH
(207) 883-2955 (FAX) 883-3862

Laura Bustin - VP/Branch Manager
(207)602-7602 Direct
bustinl@sbsavings.com

SOUTH PORTLAND
(207) 767-7422 (FAX) 767-7234

Sue Pomorski - AVP/Loan Officer
(207)602-7657 Direct
(207)671-9692 Cell
pomorskis@sbsavings.com


OLD ORCHARD BEACH
(207) 934-2191 (FAX) 934-3872

Carolyn Lamontagne - VP/Branch Manager
(207)602-7702 Direct
lamontagnec@sbsavings.com