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.
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
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
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
- 1 or 2 times closing options available
- 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)
* 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)
* 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
| 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 |
Important Notices: *Important Notices: *Generally, all associated fees are paid by PTC unless an appraisal or subordination is 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 totaling $647,200 or a combined Loan to Value not to exceed 80%
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
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
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.
Mary Larivee ::166::,
Mary Larivee
Residential Loan Officer
- Direct Line
- 802-752-1214
- Fax
- 802-752-1806
- NMLS ID
- 443023
- MLarivee at ptcvt dot com
Elaine Nester ::168::,
Elaine Nester
Residential Loan Officer
- Direct Line
- 802-752-1844
- Fax
- 802-752-1806
- NMLS ID
- 929565
- ENester at ptcvt dot com
Angela Poirier ::168::,
Angela Poirier
Residential Loan Officer/Chief Loan Specialist, SVP
- Direct Line
- 802-752-1213
- fax
- 802-752-1806
- NMLS ID
- 1025928
- APoirier at ptcvt dot com
Carisa Ledoux ::168::,
Carisa Ledoux
Business & Residential Loan Officer
- Direct Line
- 802-752-1847
- Fax
- 802-752-1806
- NMLS ID
- 1727433
- CLedoux at ptcvt dot com
Patricia Boyce ::168::,
Patricia Boyce
Residential Loan Officer
- Direct Line
- 802-752-1280
- Fax
- 802-752-1806
- NMLS
- 291065
- PBoyce at ptcvt dot com
