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