Fixed Rate Mortgage

This is an excellent option for those who plan to keep their home for a long time or who don't predict much change in their income. Even if interest rates should increase, your mortgage interest rate will remain the same.

• Fixed payment
• Guaranteed interest rate for the life of the loan
• Low down payment options
• No prepayment penalties
• Fast decision times

Flexible Options

• Variety of terms
• Weekly, biweekly, and monthly payments¹
• Automatic payments²
• Rate buy-down options
• Mortgage Life and Disability Insurance and Secure 12 available
• Escrow account for taxes and insurance available
• Minimum loan amount is $2,800

As mortgage rates are subject to change frequently we ask that you please contact us for current rate information.

 

¹Depending on the term of your loan, weekly or biweekly payments can substantially decrease the amount of time required to pay off your outstanding mortgage balance. We'll even change your selected repayment option during the loan term if that's what works for you. Some restrictions may apply.

²Enjoy the convenience and security of knowing that your mortgage payment will always be on time with our automatic payment option. Whether you want weekly, biweekly or monthly, we'll automatically pay your mortgage from your checking account for you, no checks to write! As an added bonus, you qualify for a VIP interest bearing checking account with no monthly service fee and no minimum balance requirement when you set-up an automatic payment of your Katahdin Trust Company mortgage from your VIP Checking Account. 
Subject to credit approval.