Use the equity in your home to finance your dreams!
Want to spruce up your space, pay for education, or buy a new car? Using your home’s equity can be a smart strategy. Kennebec Federal Savings offers home equity loans and home equity lines of credit (HELOC) on owner-occupied and non-owner-occupied single-family and multi-family homes up to four units. Whether you need cash for major home improvements, large expenses, or debt consolidation, we have options to help you reach your goals.
Let our friendly, highly experienced loan officers help you get the loan you need.
Home Equity Loan
With a Home Equity Loan (sometimes referred to as a second mortgage), you’ll receive the amount you borrow all at once and pay it back over the term you select, up to 15 years.
Home Equity Lines of Credit
A home equity loan line of credit offers you flexibility and easy access to funds. You can draw funds as needed and pay interest only on the amount borrowed.
For a limited time, Lock in a great low rate on a new home equity line with KFS.
2.99%APR for the first 12 months*
*Annual Percentage Rate (APR) is discounted to 2.99% for the first 12 months. After the first 12 months, the rate will vary and be equal to the Prime Rate published in the Wall Street Journal, currently 5.25%. Minimum APR is 4%. Maximum APR is 18%. Property insurance is required. Loan to value ratio cannot exceed 85%. Offer is limited to new home equity lines on 1 – 4 family owner occupied properties. Other programs available. Ask a Loan Officer for complete details and disclosures.