All loans are subject to credit approval by Skowhegan Savings. Current rates are based on a credit score of 740 or above and are subject to change.
1) All Closing costs will be waived therefore the interest rate and annual percentage rate (APR) will remain the same.
2) Introductory rate of 6.50% will remain fixed for 60 months after the date of closing and then convert to a variable rate based on the Wall Street Prime rate at that time. This rate will be subjected to change but will not be lower than 6.75% APR or higher than 18% APR. All closing costs will be waived.