At Aroostook Savings and Loan, we'll help you get the things you need - with a payment you can afford. When you're in need of financing, the lending professionals at Your Home Bank can assist you by providing fast, efficient service and competitive rates. Whatever you want, whatever you need, we can help. We make funds readily available, whatever the purpose. Whether you're buying or building a home, remodeling, purchasing an automobile or taking that much needed vacation, we're here to serve you.
Your Home Bank offers the most innovative mortgage products available at the lowest rates. That's why we're Your Home Bank!
We like to keep it easy. We do not sell our loans on the secondary market. All loans are kept in our portfolio from application until the loan is paid in full. Any questions or problems can be handled right here at Your Home Bank. We do not charge loan points. Our closing costs are very low. Mortgage insurance is not required. Escrows and biweekly mortgage payments are optional. In addition, we offer a variety of down payment plans to suit your needs.
We'd like to see you get the home you want, and we'll do whatever we can to make the mortgage process as simple as possible. When you're ready to build, buy or improve, make your first step a visit with us. Whether your plans are big or small, we can design the right plan for you.
We offer the following mortgage plans:
Fixed Rate Mortgages
Six-Month Adjustable Rate Mortgages
Three-Year Adjustable Rate Mortgages
Fixed Rate Mortgages
Our Fixed Rate Mortgage will offer you an interest rate that remains the same throughout the term of the loan. In addition, your monthly payment will also remain the same from your first payment to your last.
Adjustable Rate Mortgages
Get a better rate on our Adjustable Rate Mortgage! With this feature, Adjustable Rate Mortgage's often enable you to qualify for a larger loan. Depending on the plan, adjustment periods can vary.
Building a home? Whether it be a modest ranch or the home of your dreams, Your Home Bank can make it happen. Be your own general contractor or hire a builder. It's your choice. We consider loan applications for the construction of homes or other real estate, both from the standpoint of owner-built and contractor-speculative.
Be sure to have the following items for our consideration when meeting with us for a construction loan:
(Other information may be requested, such as, but not limited to, building permits, adequate water test, soil test or other permits.)
- A sketch or plan of the property to be built
- A complete list of estimated costs and materials
Home Equity Credit Line
At Your Home Bank, to obtain a Home Equity Credit Line - all you need is a little equity!
By using the equity in your home, you can qualify for a specific amount of credit at a comparably low interest rate.
We determine the amount of your potential credit line with us by taking 90% of the appraised value of your home
and subtracting any amount owed on an existing mortgage. The remaining dollar amount is your potential credit.
You can access your fund by simply writing a check!
Applying for a Consumer Loan at Your Home Bank is quick and easy. Why wait days for an approval? We can
give you an answer the same day on most consumer loan requests. Need your money today? At Aroostook Savings and Loan, that's no problem.
The following types of consumer loans are available:
- Auto Loans
- Recreational Vehicle Loans
- Personal Unsecured Loan
- Time Notes
- Easy Access Credit Line (Overdraft Protection)
- Share Loans