Mortgage Rates

Loan Products Designed For You

Kennebec Savings Bank is proud not to charge ANY bank fees on our biweekly and monthly fixed rate mortgages. (Other third-party fees still apply.)

Shopping around? Make sure you are accurately comparing costs. The Annual Percentage Rate (APR) can help. The APR is required to include certain fees many banks like to add to their loans.

If you have any questions, please call Kennebec Savings Bank at (207) 622-5801. Our friendly, knowledgeable lenders are always happy to help.

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Current Mortgage Rates

Effective Date: December 18, 2024

Please note: the rates presented on this page assume a 20% down payment. Please contact Kennebec Savings Bank for other options. Additionally, please note that payment amounts do not include taxes and insurance, so actual payment obligations will be greater.
 





















Biweekly Fixed Rate Loans
Our signature mortgage product. Deducts automatically from your Kennebec Savings Bank checking account every two weeks, resulting in substantial interest savings that take years off the mortgage. 

Term (Years) Interest Rate APR*
10 6.250% 6.250%
With a loan amount of $100,000, you would have 233 biweekly payments of $561.40 (paying off in only 8 years and 11 months).
15 6.750% 6.750%
With a loan amount of $100,000, you would have 341 biweekly payments of $442.45 (paying off in only 13 years).
30 6.950% 6.950%
With a loan amount of $100,000, you would have 618 biweekly payments of $330.97 (paying off in only 23 years and 9 months).




Monthly Fixed Rate Loans
Our other fixed-rate option for home purchasing or refinancing, billed and paid monthly

Term (Years) Interest Rate APR*
10 6.500% 6.500%
With a loan amount of $100,000, you would have 120 monthly payments of $1,135.48
15 7.000% 7.000%
With a loan amount of $100,000, you would have 180 monthly payments of $898.83
30 7.200% 7.200%
With a loan amount of $100,000, you would have 360 monthly payments of $678.79




30-Year Adjustable Rate Mortgages
For those planning to retain their mortgage for a relatively short period of time or who want the interest to adjust (based on market rates), we offer a choice of two adjustable rate mortgages that may provide lower initial monthly payments and caps on the interest rate.

Product Interest Rate APR*
3/3 ARM 6.250% 6.896%
With a loan amount of $100,000, you would have 36 monthly payments of $615.72 at the initial interest rate of 6.250%. The rate would then adjust every three years based on a margin and index. The current fully-indexed rate is 7.125%, which would result in 323 monthly payments of $669.91.
5/1 ARM 6.500% 6.947%
With a loan amount of $100,000, you would have 60 monthly payments of $632.07 at the initial interest rate of 6.500%. The rate would then adjust every year based on a margin and index. The current fully-indexed rate is 7.250%, which would result in 299 monthly payments of $676.63.
 
 
* APR = annual percentage rate.

All loans are subject to credit approval by Kennebec Savings Bank. Maximum terms listed. Shorter terms may be available; contact a loan officer for details. Higher loan-to-value financing may be available with Private Mortgage Insurance (PMI).


















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The Kennebec Savings Bank team is eager to help bring your home buying dreams to life. Choose a lender and get started today!

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