Whether you’ve found your dream home or you’re looking to refinance your forever home, Bar Harbor Bank & Trust has the right mortgage products for you. We provide quick, local decisions, and our team of experts can help you choose the home financing that is right for you.
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Have Questions?
Purchasing a home is the largest investment many of us will ever make, so it’s normal to have questions. Our experienced mortgage team is available to answer your questions, no matter where you are in the process. We’re also local, which means we know the local housing market and can use our expertise to guide you.
Contact your local mortgage expert
Ready to Apply?
If you’re ready to get started, we are too! There are three ways to apply:
1. Bar Harbor Mortgage app
The free1 Bar Harbor Mortgage app places the home financing process in the palm of your hand. Using the app, you can compare different loan scenarios, submit your application, and monitor your loan status anytime, anywhere. You can even scan and submit required documents right from your smartphone.
Click on an icon below to download the Bar Harbor Mortgage app today.
2. Online
If you are unsure about handling the home financing process on a mobile device but still want the convenience, speed, and security of a digital experience, you can submit your application online. Also, if you decide you want to use the mobile app later on, no problem! The online and mobile experiences work together, so you can switch from one to the other seamlessly.
3. In Person
If you prefer to sit down with someone from our mortgage team to fill out your mortgage application, we’re here for you! Visit our Mortgage Lending Team page to contact your local mortgage expert.
Mortgage Products
Fixed Rate
Fixed rate mortgages feature an interest rate that doesn’t change over the life of the loan. The principal and interest portion of your monthly payment won’t fluctuate, which makes it easy to budget for your mortgage payments. Even if interest rates rise over time, your rate will stay the same. Enjoy predictable payments that make budgeting easy, with a variety of loan term options. Contact a lender for more information and to discover how you can get a 0.125% rate discount on new mortgage loans by setting up automatic payments from a Bar Harbor Bank & Trust E-Choice or Relationship Rewards checking account.2
Adjustable Rate
An adjustable rate mortgage (ARM) has an interest rate that changes over time. Typically the rate remains fixed for a set number of years, such as three, five, or even as many as 10. The initial fixed rate tends to be lower than that of most fixed rate mortgages, leading to lower monthly payments during the fixed period. However, after the fixed period ends, the rate changes periodically – up or down – usually on an annual basis, which will cause your monthly payment to change. Contact a lender for more information and to discover how you can get a 0.125% rate discount on new mortgage loans by setting up automatic payments from a Bar Harbor Bank & Trust E-Choice or Relationship Rewards checking account.2
Construction Loan
Designed to help keep your new home construction on track. We offer amazing flexibility and a smooth process with great rates for both end purchase mortgages and construction loans. Contact a lender for more information and to apply.
Frontline Heroes Loan
We are proud to offer an exclusive Frontline Heroes Home Loan option for our dedicated frontline heroes to honor the service they provide in our communities. It’s our way of saying “Thank you” for all that you do. This loan is for teachers or professors, firefighters, federal/state or local law enforcement, medical providers, nurses, EMTs, and active or former military personnel. Features include low or no down payment options, great rates, and more. Visit the Frontline Heroes Loan webpage or contact a lender for more information and to apply.
Second Home Financing
Have you found your dream vacation property or home-away-from home? We offer great loan options for second homes. Second home financing is available for conforming loans only. Contact a lender for more information and to apply.
Housing Finance Authority
Provides access to fixed rate mortgages for low- and moderate-income homebuyers, including helpful First Time Homebuyer programs. We partner with MaineHousing. Contact a lender for more information and to apply.
Home Equity Lines of Credit
A home equity line of credit (HELOC) from Bar Harbor Bank & Trust can provide you with money to use for major purchases. Your line of credit is secured by your home and set for a specific amount. You can use as much or as little as you need and only when you need it. A HELOC is one of the most affordable borrowing options available, with easy access to funds and experienced home lending specialist to guide you along the way. Learn more about a HELOC.
Fixed Rate Home Equity Loans
Also known as a second mortgage because it is secured by your house, a Home Equity Loan lets you borrow the funds you need all at once for a certain period of time. Use the equity in your home to make a major repair or upgrade, such as a new furnace or roof. Your rate and term are fixed, so you’ll have a consistent monthly payment for a set number of years. Learn more about a home equity loan.
