Notice: All SBSI locations will close at 1:00 PM on Christmas Eve, Tuesday, December 24th, 2024, and will remain closed on Christmas Day, Wednesday, December 25th, 2024. Normal business hours will resume on Thursday, December 26th, 2024.
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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

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First Time Homebuyer Program

First home? Lean on us every step of the way.

Apply Today

Save time and money

At Saco & Biddeford Savings, we stop at nothing to get you off to a great start. Choose one of our in-house, first-time homebuyer products and enjoy a reduced interest rate. Plus get all the perks of working with your hometown mutual bank.

  • Low down payment options
  • No Private Mortgage Insurance (PMI), potentially saving you over $100 a month
  • No application fee
  • No additional fees until the loan is approved1
  • Local decisions and servicing
  • Satisfaction guaranteed (or we’ll reimburse your closing costs)
  • $50 credit toward closing costs (just mention you learned about our program on our website)

All loans are subject to credit approval.

The Bank reserves the right to perform its due diligence assessment of the loan application and may modify the amount, or refrain from providing any financing, according to the results of its analysis. Generally, Saco & Biddeford Savings Institution provides lending services for properties located within our designated lending area. Please call one of our loan representatives for more information.

1Nothing due until approval, at which time you will pay for the cost of the appraisal. Most other costs are paid at closing.

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Home Loans

Meet the SBSI residential lending team

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Mobile Banking

Manage your finances wherever, whenever. Use our Mobile Banking App to check balances, pay bills, deposit checks and more.
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Online Bill Pay

Got enough to keep track of without worrying about due dates for monthly bills? Get free Online Bill Pay.
Learn More about online bill pay

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