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Fraud alert – Current Phone Scam in Our Area
We have received reports in our area of fraudsters, pretending to be bank employees, calling customers saying their accounts have been compromised.  They are asking customers for their Online Banking credentials, full account numbers, passwords, debit card numbers, and CVV numbers. In some cases they are asking customers to download an app to their phones. We will never ask you for this information or request that you download an app. If you receive one of these calls, please hang up immediately and call our
Customer Care Team at 800-339-6573.


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Mortgage Prep Bootcamp

couple walking and holding flowers

Are you a year or more away from being ready to buy a home?

Ok, deep breath…you’ve got this. You can be a homeowner. It just takes planning. Start at your comfort level–we’ll meet you there and guide you to where you need to be. We’ve assembled some of the top FAQs we hear from customers, key terms to know, articles, and even calculators all right here. So save yourself some late nights spiraling on the internet and know that we’ve got your back—you can plot a course to a place you can call home right here. Ready?

All loans subject to credit approval

Top Customer FAQs

What’s an APR, and how is it determined?

Annual percentage rate (“APR”) is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan. APR is calculated by:

  • Add total interest paid over the duration of the loan to any additional fees.
  • Divide by the amount of the loan.
  • Divide by the total number of days in the loan term.
  • Multiply by 365 to find annual rate.
  • Multiply by 100 to convert annual rate into a percentage.

What does LTV mean?

Loan to Value. This is calculated by taking the loan amount divided by the appraised value or sales price of the property that secures the loan, whichever is less.

What’s the difference between a fixed and adjustable-rate?

A fixed rate means your interest rate will stay the same over the term of the loan. An adjustable interest rate will change periodically over the term of the loan. For example, a 5/6 adjustable rate mortgage is fixed for the first five years then changes every 6 months thereafter.

What’s required to prequalify for a loan?

Borrowers must provide stated income, total debts and a credit check for us to estimate the amount they can borrow subject to a formal underwriting and credit approval process.

How much cash will I need to purchase a home?

Depending on the loan product you may be able to finance up to 98% total LTV, the difference plus closing costs would be paid at closing.

Can I borrow the funds to use towards my down payment?

Yes, your down payment can include borrowed funds, however, if you are planning on obtaining a loan for all or part of your down payment, make sure to include the details of this loan in your application.

Calculators  are estimates, used for educational purposes only. Please consult a tax or financial planner for additional assistance.

Get Personal Financial Counseling from our Partner, GreenPath

  • Budgeting
  • Credit Counseling
  • Debt Counseling
  • Debt Management
  • Student Loan Counseling
  • Homebuyer’s Assistance
  • Credit Report Review


  • Great if you have minimal savings.
  • Low 3%-5% down payment options.
  • Low interest rate.
  • Income limits apply.
  • 2% down no PMI
  • No private mortgage insurance (PMI) required
  • Property must be located in York County, Maine or Strafford, and Rockingham Counties, NH