Mortgage Options


Get a jump on home-buying.

Strengthen your offer and have peace-of-mind with a free pre-qualification letter from PeoplesBank.

Get Pre-Qualified Online


  • Know how much house you can afford – no surprises
  • Sellers prefer a proven qualified buyer – separate your offer with a pre-qualification letter
  • Not all pre-qualifications are equal – start with the trusted source
  • Already have a Pre-Qual ? Re-qualify with PeoplesBank and let our reputation stand for you.

Contact a PeoplesBank Mortgage Consultant today or get pre-qualified online now.

Fixed Rate

Fixed Rate Mortgage  Apply

Lock in one of today's low interest rates, and know that your monthly principal and interest payments will never change. Choose from a variety of terms with competitive rates.

Type of Borrower Features
  • Borrowers with at least 5% down payment on a single family home or 20% down payment on a two family home.
  • Rate-lock options available
  • Owner occupied

Non-Owner Occupied Property

Type of Borrower Features
  • 1 to 4 Family Investment Properties
  • Fixed Rate Loan
  • Minimum 20% down payment
  • Payment includes escrow for taxes


Adjustable Rate

Adjustable Rate Mortgage (ARM)  Apply

Looking for lower, more affordable initial monthly payments? Although your interest rate and monthly payment are locked in only for a specified initial period - and may vary, up or down, thereafter - annual and lifetime rate caps can protect you from large increases.

Type of Borrower Features
  • Borrowers who expect to stay in the house for a short period of time.
  • Rate adjustment period choices
  • Maximum rate adjustment of 2% per review; 6 % over life of loan

First Time Home Buyer

First Time Home Buyer Programs  Apply

Dreaming of owning your own home? Our first-time homebuyer (FTHB) programs are designed to help make your homeownership goals possible. These programs are available for purchase financing anywhere within our lending area. Contact a Mortgage Consultant or Apply Online today!

FTHB Program Advantage Plus FTHB
Terms 30 Year Fixed
7/1 ARM
10/1 ARM
30 Year Fixed
7/1 ARM
10/1 ARM
30 Year Fixed
7/1 ARM
10/1 ARM
Down Payment As low as 3%1 As low as 3%1 As low as 5%1
Rates Check Rates Check Rates Check Rates
Credit Toward Closing Costs $5002 $5002 $5002
Property Types 1-2 Family Homes 1-2 Family Homes 1-2 Family Homes
Maximum Income Limit $33,300 (Hampden, Hampshire, Franklin, Berkshire) $79,920 (Hampden, Hampshire, Franklin, Berkshire) No Income Limit (Hampden, Hampshire, Franklin, Berkshire)
Other Requirements Homebuyer workshop must be completed Homebuyer workshop must be completed Homebuyer workshop must be completed

1 Single family properties only. Other options available. An eligible first-time homebuyer includes any borrower who has not held an ownership interest in a principal residence at any time during the three years preceding the projected closing date of the mortgage to be financed by PeoplesBank.

2 Credit may not be combined with any other offer.

To qualify for a First-Time Homebuyer program, a bank approved homebuyer workshop must be completed.


MassHousing  Apply

MassHousing Mortgage

The MassHousing Mortgage program offers competitive interest rates with low down payment options. This affordable loan is just right for first-time homebuyers as well as those looking to refinance. With its flexible underwriting and fixed rate financing, it’s the perfect mortgage loan.

Type of Borrower Features
  • Low and Moderate income homebuyers
  • Up to 97% Loan to Value (95% on 2 to 4 family)
  • MIPlus (mortgage insurance) including job loss benefit
  • Maximum income limits apply



Holyoke, Massachusetts 01040 | 413.538.9500 Connects to All Offices
  • DIF
  • FDIC
  • Equal Housing Lender