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Home Purchase

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Our team of experienced lenders is here to help you achieve your homeownership goals. Whether you are a first-time homebuyer or an experienced homeowner, our mortgage professionals will work with you to find the mortgage that’s right for you. Throughout the process, our goal is to make you feel as comfortable as possible by answering your questions, keeping you informed, and explaining your options. You can feel secure knowing KFS provides:

  • Approval in minutes, not days
  • Reduced paperwork
  • No application fee
  • Option to “Lock” interest rate at application
  • Competitive interest rates
  • Local Decisions
  • Local Servicing

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Mortgage Pre-Approval Program

Let us pre-qualify you before you start your home search. We can help you determine how much house you can afford and help you choose a mortgage that best fits your needs. Our fast and free pre-approval program gives you an advantage when shopping for a home. You will feel secure making an offer on a home with a pre-approval certificate in your hand.

First Time Homebuyers

We can make it easier to buy your first home with financing programs specifically for first time homebuyers, including Rural Development, VA, and Maine State Housing. If you have not held an ownership interest in a home for the most recent 3 years, you may be eligible for a first time homebuyer loan. Eligible first time homebuyers can benefit from fixed interest rates and low or no down payment requirements. Our team will work with you to identify the best mortgage options for you.

Mobile Homes with Land

Our Mobile Home Loans can be used to purchase or refinance a mobile home on land owned (or to be owned) by you. Fixed and adjustable rate mortgage options are available with as little as 10% down payment and terms up to 30 years.

Fixed Rate Residential Mortgages

A fixed rate mortgage offers the security and stability of a fixed interest rate and a loan payment that never changes. This may be a good choice if you plan to stay in your home for seven years or longer.

Adjustable Rate Mortgage

An adjustable rate mortgage (ARM) may be your best option if you prefer lower initial monthly payments or plan to relocate or trade up within a few years. We offer the following ARM products to meet your financing needs:

  • 1 Year ARM - The interest rate and monthly payment adjust every 12 months. The interest rate change is “capped” so the rate cannot change more than 2% per adjustment and 6% over the life of the loan.
  • 3/3 ARM – The interest rate and monthly payment adjust every 36 months. The interest rate change is “capped” so the rate cannot change more than 2% per adjustment and 6% over the life of the loan.
  • 5/1 ARM – The interest rate and monthly payment are fixed for the first 60 months then adjusts every 12 months. The interest rate change is “capped” so the rate cannot change more than 2% per adjustment and 6% over the life of the loan.

We also offer financing options for seasonal homes and camps, land, and investment property. Contact a KFS lender to discuss the terms and rate options that are available.

Preliminary Information Needed for Loan Application

  • Employer(s) name, address & phone number for past 2 years
  • W-2’s for the past 2 years
  • Pay stubs covering wages for the most recent 30-day period
  • Last 2 statements for all deposit accounts — checking, savings, investment, IRA, etc.
  • If self-employed, provide last 2 years signed and dated personal & business tax returns (if applicable) with all schedules attached.
  • Landlord’s name and address for past 2 years.