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Explore Land and Construction Loans with Skowhegan Savings

Let's start a conversation

Whether you're looking to build your dream home or just need some acreage, we've got you covered.

Apply for a land loan, today!

Have you spent months on end house hunting in Maine with no luck?  Or maybe you're looking for acreage to enjoy the outdoors. When you’re ready, our team of Maine lenders are here to work with you every step of the way.

A loan for every project

Building Lot

If you're ready to build your home within the next two years, then this is the loan to make that happen. 

Acreage Lot

This product is perfect for someone looking to purchase land to hunt, fish, or just enjoy all that Maine outdoors has to offer.

Looking to build? Why choose us?

Single Close Construction Loans

Up to 95%* Financing

Quick Turn Around Times

Skowhegan Savings construction loans

With our unique single close construction loans you'll be able to build your version of a "dream home".


A Skowhegan Savings Bank approved General Contractor is required to oversee and manage the project as budgeted in your contract (containing State of Maine requirements). The budget must include a contingency for cost overruns.

Work with your Community Banker to find out what your project options are.

During the 12 month construction period, you will only be required to pay interest on the amount that you’ve drawn to date for your project. This leaves more money in your pocket during construction.

When your home is complete, it's easy to keep your mortgage loan with us.

Want to learn more about your options to build your dream home?  Contact us and one of our local construction loan experts will be happy to answer all of your questions!

Your home lending experts

Jessica Everett

Amanda Bell

Betsy Begin

Donna Mills-Stevens

Kristen Dubord

Shelly Lowell

Linda Morton-Hebert

© 2025 Skowhegan Savings | Member FDIC l Equal Housing Lender

Routing Number: 211274476

NMLS 499932