Not every borrower or property fits into a standard loan program. That’s why we offer a wide range of financing options designed to help with different goals, properties and financial situations. Whether you’re buying, refinancing, investing or looking for a more specialized solution, here are some of the loan products we offer.
Whether you’re purchasing a home or refinancing your current mortgage, we offer a variety of financing options to help you find a loan that fits your needs and goals.
From traditional conventional financing to government-backed FHA, VA and USDA loans, borrowers have several options depending on their qualifications, property and financing needs.
*VA loans are for Military Veterans only and a Certificate of Eligibility is Required. VA Funding Fee may apply.
Choose from fixed-rate mortgages, adjustable-rate mortgages and temporary buydown options. Each offers a different way to structure your mortgage based on your plans and budget.
Extended rate locks may be available for borrowers who need additional time before closing, including those purchasing a home that is still under construction.
Financing needs that exceed conforming loan limits may qualify for a jumbo loan, providing options for higher-priced homes and larger loan amounts.
Down payment assistance programs may help qualified homebuyers with some of the upfront costs of purchasing a home. Program availability and requirements vary.
A repair escrow can provide a way to address certain repairs or unfinished items after closing, such as a pool or flooring, depending on the property and loan program.
DSCR loans are designed for real estate investors and may use the property’s rental income rather than traditional personal income to help determine qualification.
A Home Equity Line of Credit (HELOC) or Home Equity Loan (HELOAN) allows a homeowner to keep their low first mortgage rate yet still access their home equity for renovations, large expenses or other financial goals.
Some condominium properties don’t meet traditional agency guidelines and are deemed as Non-Warrantable Condos. We have financing options for properties that fall into that category for eligible borrowers.
For eligible homeowners age 62 and older, a reverse mortgage can provide access to home equity without required monthly mortgage payments. Borrowers remain responsible for property taxes, insurance, homeowners insurance, and maintaining the home. Borrowers must reside in the property as their primary residence.
*These materials are not from HUD or FHA and have not been approved by a government agency. Property subject to foreclosure should loan terms not be adhered to. Failure to meet the obligations outlined in the loan may result in the loan becoming due and payable.
Construction financing can help borrowers fund the building of a new home, with loan options depending on the project, property and borrower qualifications.
For self-employed borrowers, bank statement programs may offer an alternative way to document income using qualifying bank deposits rather than traditional tax returns.
Specialized financing options may be available for qualifying medical professionals, including programs designed around the unique income and career paths common in the medical field.
With our Commercial loan options, we have programs to help you establish and/or expand your business in all 50 states.
Alternative financing options may be available for borrowers without a traditional credit score or those using an Individual Taxpayer Identification Number (ITIN).
Manufactured home financing is available for eligible borrowers and properties that meet applicable loan program requirements.
Energy-efficient mortgage options can help eligible borrowers finance qualifying energy improvements as part of their home financing.
Asset depletion programs may allow qualifying borrowers to use eligible assets to help establish income for mortgage qualification.
Lease-to-own options can provide an alternative path toward homeownership for borrowers who may not be ready for traditional mortgage financing today.
Renovation financing can combine the cost of purchasing or refinancing a home with eligible improvements into one financing solution.
Every borrower’s situation is different, and sometimes the right solution falls outside the traditional lending box. Our lending portfolio is ever-growing so reach out to us for the latest product list!
Rates and programs subject to change at any time without notice. All loans are subject to underwriting by a Peoples Mortgage Underwriter. Some loan programs are brokered and therefore subject to underwriting outside of Peoples Mortgage Company.
