CONSTRUCTION & LAND FINANCING
At Norway Savings, our construction loan specialists are experts in Maine and Coos and Carroll County, New Hampshire building projects. We understand the unique challenges of building in New England—from seasonal considerations to local building codes. With one of the most experienced construction loan support teams, Norway Savings is your first stop when you’re ready to build.
Construction Loans
One of Northern New England’s Most Experienced Construction Loan Teams
Building in Maine or New Hampshire comes with unique considerations—from coastal regulations to seasonal weather constraints. Let Norway Savings be your first stop when you want to build. Our team has financed projects across the state and understands the local nuances.
- Borrow up to 85% of the building acquisition cost or the home’s appraised value – whichever is less
- Up to 12 months for the construction phase to accommodate Northern New England’s building season
- Option to act as your own General Contractor
- Convenient automatic loan payment
- Local servicing by lenders who understand unique building environments
Specialized Expertise for Maine and New Hampshire Building Projects
Whether you’re building a primary residence, vacation home, or adding to an existing property, we offer specialized construction financing solutions including:
- New Home Construction: Financing for stick-built custom homes
- Vacation Property Construction: Specialized financing for seasonal properties, lake houses, and coastal retreats
- Modular/Manufactured Home Construction: Solutions for factory-built and modular homes
- Construction-to-Permanent Loans: Single-close options that convert to permanent financing
- Renovation/Addition Construction: Financing for major additions and renovations.
All with competitive fixed and adjustable rates and local expertise you can trust. Get Started on a Construction Loan
Land Loans
When you find the perfect spot for your future home, you may need financing—fast! The Norway Savings team are experts in land purchasing and lending throughout Maine and New Hampshire.
Land Loan Features
- Competitive rates for undeveloped land
- Flexible terms to fit your timeline
- Local decision-making for faster approvals
- Financing available for residential and recreational land
- Understanding of Maine and New Hampshire unique waterfront, rural, and suburban properties
Specialized Land Financing
Our land loan experts can help with:
- Waterfront Properties: Expert guidance through shoreland zoning and environmental considerations
- Rural Land: Solutions for larger acreage and remote properties
- Future Build Sites: Financing with an eye toward eventual construction
- Recreational Land: Options for hunting land, woodlots, and seasonal access properties
All with competitive fixed and adjustable rates and local expertise you can trust. Get Started on a Land Loan
APPLY ON THE GO
Apply for construction or land financing any time, any place
No matter where you are in your building journey, MortgageGO mobile technology makes it quick and easy to apply for a construction or land loan from Norway Savings Bank. Use your phone or tablet to get started today.
- Dedicated local construction and land loan lenders
- Apply from anywhere, on your schedule.
- Quick. Convenient. Local.
- Great rates, easy process, in-state support.
That’s MortgageGO.
FIND A LAND OR CONSTRUCTION LENDING EXPERT
Support your way.
Quick. Convenient. Local.
Choose a land or construction lender that understands Maine and New Hampshire building. Whether you’re building a primary residence, vacation home, or purchasing land for future development, our specialized mortgage lending experts will find the construction or land loan that best fits your life.
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