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 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

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)

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)

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

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

VHFA has many programs for low and moderate income Vermonters.

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

Explore VHFA’s Programs:

• MOVE – Often offers VHFA’s lowest interest rates.
• MOVE MCC – Includes a Mortgage Credit Certificate (MCC) that offers an annual federal income tax credit.
• ADVANTAGE – Features higher income and purchase price limits, with flexible eligibility.
• ASSIST – Provides up to $10,000 in down payment and closing cost assistance with a 0% deferred loan.
• First Generation Homebuyer Assistance – A grant for eligible first-time buyers with unique eligibility criteria.

Each program has specific eligibility requirements, including income and purchase price limits, and may be paired with down payment assistance or tax credits. For full details, including eligibility criteria, visit the VHFA website or contact a participating lender.

Learn more about VHFA programs here.