home under construction

Construction & Home Improvement

Looking to build a new home?

We are excited to announce that we now offer Construction Loan financing through our partnership with CUSO Home Lending! They will ensure your experience is exceptional by providing expert guidance from start to finish. 

  • One-time closing
  • 12-month construction period with interest-only payments
  • Up to 95% loan-to-value with private mortgage insurance
  • Local loan servicing
To get started, visit a branch, give us a call at 800.991.9219, send us a message in digital banking or use this form.

Time to remodel or renovate?

Want to replace your roof or purchase a new furnace? Need new windows and doors? Almost anything is possible with our home improvement loans.  

Unsecured Home Improvement loan
• Loan size up to $25,000
Low, fixed rates
• Flexible repayment terms - up to 15 years
• No pre-payment penalty
• Closing costs paid by Oxford Federal Credit Union*
• Annual interest payments may be tax-deductible.**
• New option to apply online!

Secured Home Improvement loan
• Loan size up to $250,000 
Low, fixed rates
• Flexible repayment terms – up to 20 years
• Closing costs paid by Oxford Federal Credit Union*
• Interest paid may be tax-deductible**
• New option to apply online!

For more information, visit a branch, give us a call at 800.991.9219, send us a message in digital banking or use this form.


*Loan must remain open for three years. Estimated closing costs $600. Membership eligibility is required, included $5 minimum share account balance. Additional disclosures will be sent to you upon application submission. Property insurance required. Flood insurance required where applicable. **Consult your tax advisor about the deductibility of interest.

Oxford Federal Credit Union is a full-service financial institution serving members in Androscoggin, Cumberland, Franklin, Kennebec, Knox, Lincoln, Oxford, Sagadahoc, Somerset and York counties in Maine.











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