Loan Programs

• Must be a first-time home buyer*
• Long-term, fixed-rate loan with no mortgage insurance
• 100% or less of median income for given area
• As little as 3% down, 1% of purchase price must come from borrowers’ own funds
• 6% maximum seller contribution
• All applicants are required to participate in First Time Home Buyer education

*Borrower must not have had ownership interest in a property in the last three years.

• Long-term, fixed-rate loan with no mortgage insurance
• No income limits
• Property must be located in a qualified area**
  • Examples of a qualified area include areas within York City, Lancaster City, and Baltimore City
  • Ask us if your potential new home is in a qualified area or use the link and instructions below to find out
• When used with the Zero Down Loan, 1% of purchase price must be contributed from own funds toward closing costs
• 6% maximum seller contribution
• All applicants are required to participate in a home buyer education course

**Census tracts designated by the Census Bureau as low to moderate income.

• Long-term, fixed-rate second lien to be used in conjunction with a PeoplesBank first lien
• To be used toward a down payment of a single family, primary residence
• Finance up to 100% of the home sales price
• Must contribute 1% of purchase price from own funds toward closing costs
• Gift funds and seller concession are permitted
• Must be used with First Time Home Buyer Program or Welcome Home Loan

• Interest rate does not change
• Principal and interest (P & I) payment does not change
• Fixed-rate mortgages fully amortize over a defined period of time and are paid in-full at the end of the loan term
• Short- and long-term loans are available*
• The shorter the term, the faster equity is built, and the loan is paid off

• Loan amounts > $548,250 up to $2,000,000
• Financing up to 90% of sales price or appraised value for refinances
• Interest rate does not change
• Principal and interest (P & I) payment does not change
• Fixed-rate mortgages fully amortize over a defined period of time and are paid in full at the end of the loan term
• Short- and long-term loans are available*
• The shorter the term, the faster equity is built, and the loan is paid off

• Fixed-rate mortgage options
• 100% financing up to $750,000
• Student loans are not included in total debt calculation
• Eligibility available for residents, interns, fellows, MD, DO, DDS, DMD, VETD, and PHARMD

• There is potential for the interest rate/ payment to fluctuate
• ARMs transfer to borrowers a portion of the risk associated with a changing economy
• In exchange for sharing the risk, ARMs offer borrowers initial interest rates that may be substantially lower than fixed-rate mortgages
• The lower interest rate may help borrowers qualify more easily; qualifying factors may vary

• We provide a mortgage to build your dream home that has a construction period of up to 9 months and will automatically convert to permanent financing
• The construction mortgage is an ARM mortgage during the construction period with various conversion options
• Financing is available up to 95% of the lesser of the appraised value or acquisition cost, and lot equity can be applied towards the down payment
• Borrower pays “interest only” during the construction period as the home is being completed
• Flexible draw schedules to work with any construction project

• Fixe- rate and adjustable-rate loans
• Available for primary residences and vacation homes
• Financing up to 95% of appraised value for rate or term reduction refinances
• Financing up to 80% of appraised value for cash out refinances
• Closing costs can be wrapped into new loan – no cash out of pocket
• Easy process and local processing

• For existing homes or new homes that need improvements*
• Various program and term options available
• Fixed rate option available for borrowers who meet secondary market guidelines
• Flexible draw schedule options available
• 4, 6 and 9 month build periods available
• One-time close with modification upon completion
  

  *Talk to a mortgage representative to see if the scope of your project qualifies for this program.

• Loans to purchase the perfect lot so you can start planning for the new home of your dreams
• Flexible programs to meet any budget while you complete the plans for your new home construction
• Financing available up to 90% of the lesser of the appraised value or purchase price for borrowers with credit scores of 720 and above, and up to 80% for credit scores below 720
• Minimum credit score is 660