Loan Programs
How can we help you?
Peoples Bank Mortgage offers many different types of home loan programs. Each one of our home loan programs can help individuals and families with many different financial needs. Click any of the links below to learn more about the various types of loan programs we have to offer.
Keep interest rates and mortgage payments at their lowest with our conventional mortgage home loan program.
U.S. Military Veterans and their families may qualify for a VA Home Loan guaranteed by the United States Department of Veterans Affairs.
FHA home loan programs are backed by the Federal Housing Authority. These types of home loan programs enable people with lower income and credit scores, to get a home loan with less money down. FHA loans also provides easier qualifying criteria.
Peoples Bank Mortgage offers a loan program backed by the USDA for financing qualifying properties in rural areas. USDA loans typically have low interest rates, and for the most part provide 100% financing.
Several government home loan programs now enable homeowners carrying current government-backed mortgages to streamline the refinancing process. These loans allow homeowners to lower their payments, and interest rates. By lowering a borrowers monthly payments this can result in a shorter term of the loan.
For home purchases whose values exceed conforming loan limits, Peoples Bank Mortgage offers a variety of jumbo loan products with excellent rates and terms. When meeting established credit, income and down payment requirements, qualifying borrowers may be able to secure a loan as high as $2,500,000.
A mortgage loan with an interest rate subject to change over the term of the loan. The interest rate is tied to the performance of a specified market rate, such as the cost of funds index calculated by the 11th District of the Federal Home Loan Bank Board, or the yields on one-year or six-month U.S. Treasury securities.
Your Next Step…
We suggest familiarizing yourself with our loan process to learn more about the necessary steps you will need to take in order to secure a home loan. Peoples Bank Mortgage provides an outline from application, to approval, and closing. We also offer a handy pre-approval checklist that guides you through the process of gathering the necessary information.
For a free consultation, contact us or give us a call today at (843) 606-6058 or toll-free at (855) 406-0197.