Consumer Loans

Consumer Mortgage Loans

Whether purchasing your first home or living in your fifth, the process of understanding the terms of a mortgage, real estate loan or home equity line of credit can be challenging.  That’s why your Consumer Banker at Peoples Bank & Trust will walk you through the process to ensure the best path for your particular needs.  And better yet, you’ll be working the entire time with a face you know and trust who knows your situation.  Below you will find basic information on our mortgage products.  Call your Consumer Banker today to explore various options available to you as a homeowner.  (Loans Subject to Credit Approval)

Fixed Rate Secondary Market Residential Mortgage

It’s more than just your home, it’s your haven.  Whether you are purchasing a new home, remodeling your current one, refinancing your home to lower the interest rate or just wanting to pay off debt, your Consumer Banker can help.  Let Peoples Bank & Trust help finance your home and receive the following benefits:

  • Variety of loan terms available- short to long term-you choose the option that works best for you
  • Down payment requirements change with the type of loan program you choose
  • Special programs for down payment assistance to those who qualify
  • Competitive fixed rates
  • Principal and Interest payments will never change which may make it easier to budget your money more easily
  • Payments can be automatically deducted from your Peoples Bank & Trust account
  • Interest may be tax deductible (consult your tax advisor)           

In-House Residential Real Estate Loans

You may prefer to obtain an adjustable rate mortgage to purchase your home, remodeling your current one or to payoff debt.  If so, this may be the perfect solution.  Contact your Consumer Banker to determine if this loan is right for you.

  • Variety of loan terms available- short to long term- you choose the option that works best for you     
  • Competitive rates
  • Interest may be tax deductible (consult your tax advisor)
  • Payments can be automatically deducted from your Peoples Bank & Trust account
  • Interest rates charged on mortgage loans are typically lower than credit cards or personal loans     
  • Accounts can be viewed with on-line banking

Home Equity Lines of Credit

Looking to utilize the equity in your home?  Say no more.  Peoples Bank & Trust will provide you with a revolving line of credit to simplify your life.  We allow customers to use the line time-and-time again.  There’s no application process required for the second, third, fourth time……..you get the point.

Here is what you will receive with our Home Equity Line of Credit:

  • Reusable line of credit
  • Easy access to funds
  • Flexibility- Greater financial control- you choose when and how you will utilize the equity in your home to your best advantage     
  • First or second mortgage
  • Low closing costs
  • Interest may be tax deductible (consult your tax advisor)
  • Interest rates on home equity lines of credit are typically less than credit cards or personal loans   
  • Accounts can be viewed with online banking.  Make payments online- including interest only, principal and interest, or principal only.  Advances can be made online as well.  Transfer money to your Peoples Bank checking or savings accounts at your convenience- all with the click of a button. 

Second Mortgage Loans

Sometimes you need to utilize the equity in your home, but you already have a mortgage.  If this is your situation, this may be the loan you need.  The following is a list of benefits that you will receive:

  • Variety of loan terms available- you choose the option that works best for you
  • Competitive rates
  • Simple Interest
  • Adjustable rate loan
  • Prompt and courteous service
  • Interest rates on mortgage loans are typically lower than credit cards or personal loans     
  • Automatic payment deductions available
  • Accounts can be viewed with on-line banking     

Mortgage Calculator

Consumer Personal Loans

You’ve made the decision to purchase or refinance a vehicle, make some home improvements or follow other needs or wants you’ve had on a wish list.  Your Consumer Banker at Peoples Bank & Trust is ready and willing to walk you through the process of borrowing funds to get the job done.  With product features such as competitive interest rates, simple and streamlined applications, single banker dedication and more, we’ll work with you to attain your goals.   (Subject to Credit Approval)

Mortgage Calculator

Consumer Loans for vehicles, motorcycles, boats, jet ski’s, recreational vehicles, etc.

We offer the traditional consumer loan products so whether it’s time for a new vehicle or home improvements, we make it easy.  Your financial needs will be reviewed and met with Peoples Bank & Trust easy and convenient loan options.  Here are some of the benefits you’ll receive when choosing Peoples Bank & Trust:

  • Variety of terms available depending on the type of consumer loan
  • Competitive Interest Rates and charges
  • Assistance with our simple application process
  • Prompt and courteous service
  • Automatic checking/savings deductions
  • Simple interest
  • Accounts can be viewed with on-line banking     
  • No prepayment charges

Certificate of Deposit Loans

Need cash today, but your certificate of deposit does not mature for another year and you do not want to pay the penalty for early withdrawl? Peoples Bank & Trust offers certificate of deposit loans for this exact reason. Contact your Consumer Banker to see if this option will work for you.

Peoples Cash Line of Credit

From time-to-time we get caught in the fast lane.  Peoples Cash Line of Credit will keep you from running out of gas and staying ahead.  Whether it’s a too-good-to-be-true vacation opportunity or a sale on that must have household appliance, Peoples Bank & Trust will provide you with a revolving line of credit for life’s little extras.

Here is a list of the benefits you’ll receive with this service:

  • Attachment to your checking account for convenient access
  • Pre-approved credit line
  • Payments are automatically deducted from your checking account