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Home Loan Options

FHA Loan

FHA Loans are easier to qualify for. If you don’t have a lot of cash for a down payment, if you don't have much equity in your current home, or if your credit isn’t perfect, you can still take advantage of this loan option.

  • As low as just 3.5% required for down payment
  • Flexibility in credit, income, and equity/down payment requirements
  • 100% gift allowed for a down payment and closing costs
  • Includes a Mortgage Insurance Premium
  • Fixed Rate and Adjustable Rates are available 

Fixed Rate Loan

With consistent payments and low interest rates throughout the life of the loan, the dependable Fixed Rate Loan is one of our most popular options.

  • Your interest rate and monthly principal and interest payments remain the same throughout your chosen loan term
  • Available in a 30-, 20-, 15-, or 10-year term
  • A good choice if you plan to stay in your home for many years
  • A low-risk product that protects you from rising interest rates 

Adjustable Rate Mortgage Loan

Whether buying a home or refinancing your current mortgage, our ARM is perfect for the buyer who prefers a lower interest rate and monthly payment during the initial time period.

  • Your interest rate and monthly principal and interest (P&I) payments remain the same for an initial period of 3, 5, 7, or 10 years, then adjust annually
  • You may be able to add an interest-only payment feature
  • Provides flexibility if you plan to stay in your home for a short term, or if you expect future income growth
  • ARMs save you money with a lower initial interest rate than one of our typical fixed-rate mortgages 

Jumbo Loan

Borrow more! A Jumbo Loan provides financing for loan amounts higher than conforming loan limits. If you have a high property value, you should consider our Jumbo Loan product.

  • Provides a quick turnaround for your property financing
  • Borrow up to $3 million with our competitive rates
  • Consistent monthly payments available with our 30- and 15-year fixed rate Jumbo Loans
  • Lower your initial payments with our 3, 5, 7, or 10 year adjustable rate Jumbo option 

HARP Loan

Our Home Affordable Refinance Program (HARP) loan is the perfect solution for Borrowers who are “underwater” or owe more on their home than it is worth.

  • Reduce your monthly mortgage payment and interest rate
  • Refinance up to 150% of your home’s value
  • To qualify, you must have a mortgage owned or guaranteed by Fannie Mae or Freddie Mac
  • Your loan must have been sold to them on or before May 31, 2009
  • The current loan-to-value ratio on your mortgage must be greater than 80%
  • No mortgage payment could have been missed in the past 6 months, or more than one missed within the past year 

HomePath® Mortgage

Peoples Bank is fortunate to be one of the selected lenders who are able to offer you the HomePath Mortgage. If the property you want to purchase is owned by Fannie Mae, we will help you receive the best pricing and most efficient loan process available.

  • Low down payment
  • No appraisal necessary
  • Save money by avoiding monthly mortgage insurance payments
  • A quick and painless purchase process 

Reverse Mortgage

The numerous benefits of a Reverse Mortgage loan, also known as a HEMC (Home Equity Conversion Mortgage) is available to homeowners if you’re aged 62 or older and occupy the property as your primary residence.

  • Save money by eliminating your monthly mortgage payment
  • No income or credit requirements
  • Must have sufficient equity in your home
  • Enjoy the benefit of financial flexibility
  • Reverse Mortgages are Government Insured and approved by the Department of Housing and Urban Development (HUD) 

Veterans Affairs (VA) Loan

Our VA Loan makes homeownership easy for Veterans . . . because you’ve earned it.

  • Save money with no Mortgage Insurance required
  • Keep your cash because there is no down payment—you can finance 100% of the home’s value
  • Guaranteed by the Department of Veterans Affairs
  • Interest rates are typically lower on VA Loan, which means substantial savings to your monthly payments 

FHA Streamline Refinance

You won’t believe how quick and painless it is to save money. But it’s true—ask one of the thousands of families who we’ve helped lower their mortgage payment.

  • Available for properties currently in an FHA Loan
  • Save money with a lower rate and payment
  • Pay off your home faster
  • No appraisal required
  • Flexible credit requirements 

USDA Loan

A USDA Loan (also called a Rural Development Loan) allows you to purchase a home on a USDA designate area with flexible qualification requirements and 100% financing. Homeownership has never been so easy.

  • Purchase your home with no money down
  • Financing for closing costs is available
  • Competitive, low interest rates
  • Save money with no Mortgage Insurance requirements
  • Flexible credit qualifications 

Home Equity Line of Credit (HELOC)

Our HELOC gives homeowners peace of mind. If you use our HELOC, you will have cash available to you when and if you need it. Don’t worry, we’ve got you covered.

  • You can borrow up to 80% of your home’s equity
  • Save money on your monthly payment by taking advantage of our Interest Only payment
  • Maximum loan amount is $417,000
  • Currently available only in Kansas, Missouri, and New Mexico 

Second Mortgage Loan

If you are a homeowner and need fast cash, you would be an excellent candidate for our Second Mortgage Loan. This gives you relief by providing you with one lump payment of the equity in your home.

  • Borrow up to 80% of your home’s equity
  • Use the money to consolidate debt, make home improvements, or even start your own business
  • Fixed payments mean you are protected from interest rate increases
  • Maximum loan amount is $417,000
  • Currently available only in Kansas, Missouri, and new Mexico 

Home Construction Loans

Looking to build the house of your dreams? We can help. With our construction loans, we offer competitive rates, and we’ll work with you to make the financing process as fast and as streamlined as possible.

  • Competitive, low interest rates
  • Currently available only in Kansas, Missouri, and New Mexico
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Peoples Bank
13180 Metcalf Avenue, Overland Park, KS  66213
Direct:  (913) 681-3030
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