Mortgage Center

Utilize our online mortgage tools, learn about our loan programs, and view current rates. An experienced loan officer will guide you through the often difficult and confusing process of choosing and getting the exact loan to meet your specific needs.

Meet Our Lenders

Mortgages for Buying a Home

Congratulations on your decision to buy a new home! There are many important things to consider throughout the process, especially if you’re a first-time home buyer.

Whatever your situation, we have a residential mortgage product to fit your needs.

Conventional Residential Loans: 30 year, 20 year, 15 year and 10 year terms.

FHA- Federal Housing Authority: 30 Year term.

VA- Veterans Home Loan. 30 year term.

RD - Rural Development. 30 year term.

VHFA- Vermont Housing Finance Agency. 30 year term.

and more...

Your Peoples Trust Loan Officer will carefully and patiently explain which loan is best for you. Contact any one of our Residential Loan Officers today to answer any questions you may have. We're happy to help!

Our first-time buyer options are designed to make your dreams of home ownership come true. Speak with one of our experienced lenders and allow them to be your trusted guide through the process.

Features

Up to 100% financing options available
Low to no down payment required (product specific)
Low, fixed interest rates
Income and purchase price limits may apply
Terms up to 30 years

Apply Now for a mortgage
View Rates

Refinancing for Existing Mortgages

Refinancing your existing mortgage can help lower your monthly payments, speed up your payoff date, or free up equity. Every situation is unique and we are here to help. To see if refinancing is right for you, consult our mortgage calculator or speak to one of our expert lenders today.

Features

Low interest rates
Low points
Competitive closing costs
Available fixed rate terms to fit your needs

Apply Now for refinancing
View Rates

Mortgages for New Home Construction

Sometimes, your dream home doesn’t exist—you have to build it. We’re right there with you, with flexible financing that can help you turn your vision into reality. Speak to one of our expert lenders today.

Features

Eligible properties, 1-4 family owner-occupied properties, second homes and investment properties
Unlimited draw requests - no minimum amounts*
Experienced and knowledgeable loan officers to guide you through the process seamlessly
All our loans are made (and serviced) here in Vermont
General Contractor may not be required (contact our lenders for details)

Apply Now for new home construction
View Rates document

* Unlimited draws are up to an approved amount

Home Renovation Loans

Do you want to add an addition or complete home improvements? Our Renovation Loan allows homeowners to borrower based on what the house is expected to be worth after the home renovations are completed. A Renovation Loan would be a suitable option for borrowers looking to retain their existing first mortgage or for borrowers looking to take out a second mortgage and finance funds for renovations based on “Subject to Completion” values.

Features

Eligible properties, Primary residence, investment properties, second homes, Condominiums, PUDs and Manufactured homes
No Loan Admin Fee
Only 1 loan closing required
Unlimited draw requests – no minimum amounts*
General Contractor may not be required (contact our lenders for details)

Apply Now for home renovation
View Rates

* Unlimited draws are up to an approved amount

Home Equity Loans & Lines of Credit

Your home may be your largest asset and PTC can help you utilize it. Access the benefits by using the equity in your home to pay for home remodeling, educational expenses, weddings, your next vehicle, and more. These loans are a great way to be prepared for unexpected expenses like major household repairs.

PTC offers you a choice of a fixed-rate Home Equity term loan or our Home Equity Line of Credit (HELOC) that offers a fixed or variable-rate option. Speak to one of our expert lenders today.

Features

Access funds when you need to
Low interest rates
Streamlined closing process

Apply Now for HELOC
View Rates

HELOC Disclosure Table
Product	Balance Due at End of Loan	Closing Costs*	Annual Fee	Disclosure for Review
Home Equity Lines of Credit - HELOC Interest only during a 10 year draw period followed by fully amortized 10 year repayment term	If you make the minimum monthly payment during the term of your loan on or before the due date, the loan will be paid in full after the repayment period ends	0.00*	None	Fixed HELOC Disclosure Variable HELOC Disclosure What you should know about home equity lines of credit

*Important Notices: *Generally, all associated fees are paid by PTC except prepaid interest. Borrower may be required to pay for an appraisal, trust certificate and/or subordination if required. Typically, an appraisal is required if your Loan to Value (LTV) exceeds 60%. The fees for an appraisal may range from $450 – $650. A subordination fee could be required. These fees range from $100 – $300. Property insurance is required. The minimum loan amount is $10,000 and maximum is the lower of the combined first and second mortgage loan balances not to exceed 80% combined loan to value.

VA Mortgages

First, thank you for your service!

Veteran’s Administration (VA) is a mortgage loan program established by the United States Department of Veteran’s Affairs to help veterans and their families obtain home financing.

Purchase or refinance your VA loan through Peoples Trust Company.

Features

No down payment (Purchase only)
No PMI
Quick Approval process

Learn More about VA loans

VFHA Mortgage

VFHA has many programs for low and moderate income Vermonters.

Your Peoples Trust Company Loan Officer will help guide you through the VFHA Program that fits your needs.

VHFA programs include the following benefits and eligibility requirements:

MOVE

Often VHFA's lowest interest rate
30-year, fixed rate mortgage loan
Down payments 0% to 5% (lender will determine)
Down payment and closing cost assistance available
Up to $825 savings on Vermont Property Transfer Tax at closing
Income limit, purchase price limit, credit and other eligibility requirements apply
Minimum credit score begins at 640, higher minimum scores may be required (lender will determine required score)
No ownership within prior 36 months, if purchasing in: Addison, Bennington, Chittenden, Grand Isle, or Windsor County

MOVE MCC

30-year, fixed rate mortgage loan
Down payment 0% to 5% (lender will determine)
Down payment and closing cost assistance available
Up to $825 savings on Vermont Property Transfer Tax at closing
Annual Federal tax credit up to $2,000 with the MCC. Restrictions apply
Income limit, purchase price limit, credit and other eligibility requirements apply
Minimum credit score begins at 640, higher minimum scores may be required (lender will determine required score)
No ownership within prior 36 months, if purchasing in: Addison, Bennington, Chittenden, Grand Isle, or Windsor County

ADVANTAGE

30-year, fixed rate mortgage loan
Down payment 0% to 5%, (lender will determine)
Down payment and closing cost assistance available
Up to $825 savings on Vermont Property Transfer Tax at closing
Income limit, purchase price limit, credit, and other eligibility requirements apply
Minimum credit score begins at 640, higher minimum scores may be required (lender will determine required score)

ASSIST Down Payment and Closing Cost Assistance

0% interest loan with no monthly payments due on sale
Only with a VHFA Move, Move MCC, or Advantage Mortgage Program
Borrowers and non-borrowing spouses must be true first-time homebuyers
Maximum loan amount $10,000 or $15,000 based on income (lender will determine)
Not available with Veteran (VA) loans

Mortgage Credit Certificate (MCC)

Federal tax credit up to $2,000 each year borrowers live in the home and pay interest on the mortgage. Restrictions apply.
Available with MOVE MCC or with a non-VHFA mortgage

Meet With A Lender Who specializes in VHFA loans

Residential Loan Officers

At Peoples Trust Company, our residential lenders care about your financial needs. Our experienced professional lending staff is highly trained in the best practices of lending, credit, and banking. We will walk you through the application process with a level of respect, service, and attention you won't get at any other bank.

Whether it is your first home or a vacation property, we can help. To begin a mortgage loan application, you may contact one of the following lenders listed below, Apply Online, or visit a branch most convenient for you.