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Lower monthly payments • Smaller down payment

More Flexibility • Less hassle

First Time Homebuyer?

Take a look at our first time homebuyer loan process.

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Home Loan Process
Find a Loan Officer Mortgage Application Documentation Checklist Find a Loan Officer Mortgage Application Documentation Checklist

Our loan officers can help walk you through the process, answer those important questions and help you find the best financing for your first mortgage. In fact, we’re here for you over the entire life of your loan!

Our local service is key to making your dream home a reality.

If you’re in the market for your first home, or just considering it, right financing is as important as finding a home that fits your lifestyle. The First Time Homebuyer Program at Biddeford Savings can help you build equity faster and save your money with lower monthly loan costs than an FHA (Federal Housing Administration) loan!

More of your monthly dollars are going towards paying down your mortgage so that your mortgage is paid off faster!
Biddeford Savings, helping you on your path to homeownership.


Discover What to Expect When Buying Your First Home

To learn more about buying your first home and what you can expect to experience, watch the video below.

*Annual percentage rate (APR): 4.372%. Minimum 3% down payment required. A loan amount of $242,500 for 30 years with 1 point at 4.24% (4.372% APR) would have a monthly payment of $1,191.54. Point charged is applied to mortgage insurance. Rates quoted in effect 9/25/2013 and apply to primary residence/owner occupied homes only. No prepayment penalties for early payoff . Property insurance is required. Closing costs and appraisal fee may be charged. Other fees may apply. Credit score determines maximum loan to value and monthly mortgage insurance premium. Normal underwriting guidelines do apply. Rates may change at any time. Please call for details.

**Cost savings are estimated based on rates at time of publication. 1FHA rates based on local market area rates at time of publication.