~ Limited Time Offer ~
Apply now and receive $500 off closing costs plus, with your mortgage payments automatically deducted from your PeoplesBank checking account, you’ll get an additional $1251. Like summer, this offer won’t last forever.
Mortgage Options
Fixed Rate Mortgage 
Lock in one of today's low interest rates, and know that your monthly principal and interest payments will never change. Choose from a 15-year, 20-year, or 30-year fixed loan with competitive rates.
Adjustable Rate Mortgage (ARM)
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. An ARM may also enable you to qualify for a larger loan, so you can buy more house.
First Time Home Buyer Programs
Take advantage of low down payment requirements and possible closing cost credits as a first time home buyer.
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FHA Mortgage
Looking for flexible credit standards and a low down payment option? FHA requires as little as 3.5% down payment, making it easier to qualify. Speak with one of our mortgage consultants for more details or to apply.
MassHousing "Affordable Advantage"
Looking for 100% financing? Affordable Advantage provides no-downpayment, fixed-rate mortgages with as little as $1000 out-of-pocket expenses for Massachusetts borrowers. No mortgage insurance required. Maximum income limits apply. Speak with one of our mortgage consultants for more details or to apply.
MassHousing "Home for the Brave"
Provides affordable, no-downpayment mortgages for veterans of the U.S. Armed Services living in Massachusetts. Speak with one of our mortgage consultants for more details or to apply.
Land Loan
Interest only option gives you affordable payments until you are ready to build. Choose from a three year interest only loan with a balloon or a 20-year fixed principal and interest loan. Speak with one of our mortgage consultants for more details or to apply.
Construction Loan
You can choose a fixed rate or adjustable loan to finance your construction project, and all with just one closing. Finance up to 90% of the construction cost or appraised value (whichever is less) of your new home, and you'll make interest-only payments during construction. Your mortgage may include up to 80% of the land cost.
Jumbo Mortgages
Looking for a mortgage amount above the secondary mortgage market limits? We will finance loan amounts exceeding $417,000 with highly competitive rates on fixed and adjustable mortgage products.
For more details, email MortgageWebMail@bankatpeoples.com or contact one of our Mortgage Consultants.
1 Offer valid on applications received between July 25, 2010 and September 30, 2010 and closed by October 31, 2010. Mortgage payments automatically deducted from a PeoplesBank checking account must be requested at the time of application, and you must have an active PeoplesBank checking account prior to your mortgage closing. We will deposit $125 into your checking account after the first automatic payment is made. (Please allow up to six weeks after your first payment is automatically deducted.)
