Real Estate Loans

Let our loan department lead you home!

You will find the loan staff at The Peoples Savings Bank to be friendly, courteous and knowledgeable professionals offering the following lending products:

  • Home Loans
  • Home Equity
  • Second Mortgage Loans

Our Mortgage Loan Officers are all registered through the Nationwide Mortgage Licensing System and Registry. Contact one of our trained loan professionals today for more information. Let the friendly staff of The Peoples Savings Bank find the right loan product for you!

Home Loans

The most important investment you will ever make is in a home of your own. This usually means establishing a long term relationship between yourself and a local financial institution. At The Peoples Savings Bank, we feel our first obligation is to make certain that the mortgage you receive from us is one you can live with comfortably. We have a variety of adjustable and fixed rate mortgage plans available; and we are sure you will be pleased with our personal service, expert advice and competitive rates.

 Information Needed to Apply

  • Last 2 year's tax returns wtih W2's
  • Personal financial statement
  • Recent Paystub

Home Equity/Second Mortgage Loans

Now you can borrow against the appraised value of your home at rates considerably lower than personal loan rates. Call one of our Qualified Mortgage Loan Officers for an appointment.

The Nationwide Mortgage Licensing System & Registry

The Nationwide Mortgage Licensing System and Registry offers NMLS Consumer Access SM, which is a free service for consumers to confirm that the bank and the mortgage lender with whom they wish to conduct business are registered with the federal system. To access this free service, please go to http://www.nmlsconsumeraccess.org/

Calculators

Mortgage Loan Calculator

Amortizing Loan Calculator

Mortgage Loan Rates

As of December 16, 2016

Owner Occupied / Permanent Construction

 TermInterest RateAnnual Percentage Rate
1 Yr. Adj. 30 yrs. 4.23   4.459 1
3 Yr. Adj. 30 yrs. 4.43   4.662 2
5 Yr. Adj. 30 yrs. 4.61   4.845 3
Fixed 15 yrs. 4.37   4.777 4
Fixed 28 yrs. 4.75   4.999 5
Fixed/Single Pmt 6 mos. 4.37 10.023 6
10/30 Fixed 10 yr. Balloon 4.24  4.607 7
12/30 Fixed 12 yr. Balloon 5.11  5.445 8
15/30 Fixed 15 yr. Balloon 5.27  5.568 9

(Balloon loans calculated at 30 Yr. Amortization)

Rates above are based on 85% or lower loan-to-values

  • (1) APR is based on a loan of $50,000.00 for 30 yrs / pmt of $245.38
  • (2) APR is based on a loan of $50,000.00 for 30 yrs / pmt of $251.27
  • (3) APR is based on a loan of $50,000.00 for 30 yrs / pmt of $256.62
  • (4) APR is based on a loan of $50,000.00 for 15 yrs / pmt of $379.18
  • (5) APR is based on a loan of $50,000.00 for 28 yrs / pmt of $269.34
  • (6) APR is based on a loan of $50,000.00 for 6 mos / pmt of $51,092.50
  • (7) APR is based on a loan of $50,000.00 for 30 yrs / pmt of $245.68
  • (8) APR is based on a loan of $50,000.00 for 30 yrs / pmt of $271.78
  • (9) APR is based on a loan of $50,000.00 for 30 yrs / pmt of $276.72

Line of Credit (80% Equity) 5.375 / (90% Equity) 6.375

Mortgage Loan Closing Costs

  • $1,300.00 plus Actual Costs
  • $1,400.00 plus Actual Costs for out-of-county properties