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People's Bank offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
 
30 Year Fixed
15 Year Fixed
3/1 ARM
5/1 ARM
7/1 ARM
Interest Only Products

30 Year Fixed

Rate is fixed for 30 years

Term: 30 years   Maximum Amount: $1,000,000

15 Year Fixed

Rate is fixed for 15 years

Term: 15 years   Maximum Amount: $1,000,000

3/1 ARM

Rate is fixed for first three years, then becomes adjustable for the remaining 27 years. 

Term: 30 years   Maximum Amount: $650,000
 

Various indices, adjustment frequency options and rate/adjustment caps are available


5/1 ARM

Rate is fixed for first five years, then becomes adjustable for the remaining 25 years.

Term: 30 years   Maximum Amount: $650,000
 

Various indices, adjustment frequency options and rate/adjustment caps are available.


7/1 ARM

Rate is fixed for first 7 years, then becomes adjustable for the remaining 23 years.

Term: 30 years   Maximum Amount: $650,000
 

Various incdices,adjustment frequency options and rate/adjustment caps are available.


Interest Only Products

Payments are interest only for a defined period of time, then loan is amortized over the remaining term and payments adjust accordingly.

Term: 30 years   Maximum Amount: $650,000
 

Interest Only features are available on many differnet loan programs including fixed rate, 3/1, 5/1, and 7/1 ARM programs.



We have many other programs available such as Stated Income, Low or No Document programs, Flexible Payment ARM's, FHA, VA, First Time Homebuyer, 80/20 1st and 2nd Combo programs, Reverse Mortgage, and Single Close Construction loans.