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Mortgages from Peoples Bank & Trust

Home Lending Mortgages

Buying a New Home?

From Pre-Approval to Closing, Peoples Bank & Trust has you covered. Our experienced lenders are here to help you every step of the way and tailor your mortgage to best fit your financial needs. Peoples Bank has a variety of mortgage programs:

  • Fixed rate mortgages- available in a variety of repayment options; great for those who want a consistent mortgage payment each month.
  • Adjustable rate mortgages- the interest rate and monthly payment fluctuate over the period of the loan; a good choice for short-term ownership or if you expect your income to rise (more information from the Consumer Financial Protection Bureau on adjustable rate mortgages can be found here).
  • Other mortgage types include: Bridge Loans, Home Possible Mortgage, Home Possible Advantage, USDA Guaranteed Rural Housing Mortgages, VA and FHA Loans.

Building a New Home?

  • Construction loans at Peoples Bank & Trust are closed-end line of credits with interest only payments. Terms on construction loans are usually six months, and you may borrow up to 80% of the building costs, sometimes more if certain qualifications are met.
  • Lot loans are ideal for those who have found the perfect site for their future home. Lot loans at Peoples Bank & Trust are available in several repayment terms.

Fixing Up Your Home?

Put the power of your home’s equity to good use! A home equity loan or home equity line of credit (also called a HELOC) provides you with the money you need for home renovations. Both of these options come with different structures:

  • Home equity loan- this is a close-ended loan, meaning you get the full sum of the loan up front to use.
  • Home equity line of credit (HELOC)- HELOCs are a revolving line of credit. Your limit is established up front, and you can draw on the line of credit when you need it.
  • More information on HELOCs can be found on the Consumer Financial Protection Bureau’s website by clicking here.

Partner with Your Responsible Community Lender

To see how Peoples Bank & Trust can help with your lending needs, call or come by the PB&T office located closest to you today!

Peoples Bank & Trust Co. Mortgage Loan Origination Numbers

All loans are subject to the bank’s income and credit requirements. Actual terms and conditions may vary.