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Mortgages

Your Home is Waiting for You with Mortgages in PA, NY, or NJ

We know purchasing or refinancing a house can be a daunting task, but it should be exciting. Our team of mortgage lending professionals across branches in Pennsylvania, New York, and New Jersey can walk you through every step to help you make the best decision possible. Peoples Security Bank & Trust (PSBT) offers multiple solutions to help you become a homeowner at any stage in life. From our first-time home buyer program to our construction mortgage program, we have a little something for everyone. Better banking for Mortgage Lending. Better banking for everyone.

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Complete this quick form, apply now2, CHAT with us, call us at 1.844.PSBT.NOW, or stop by any of our community banking offices across Pennsylvania, New York, or New Jersey.

 

 

Explore Our Wide Range of Mortgage Solutions

At Peoples Security Bank & Trust, we offer an extensive selection of mortgage loan options tailored to fit your unique needs, whether you're buying your first home, looking to refinance, or embarking on building your dream house. With branches in 39 locations across Pennsylvania, New York, and New Jersey, our knowledgeable mortgage specialists are conveniently situated to provide expert guidance. Each branch is equipped to deliver personalized service, ensuring you find the perfect mortgage to match your financial goals and lifestyle. Let us help you navigate the complexities of the mortgage process with ease and confidence, making homeownership a reality.

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Apply Online2 for a Mortgage Loan Today

Applying for a mortgage online2 with Peoples Security Bank & Trust is streamlined and secure, ensuring a hassle-free experience from start to finish. Our easy online application process allows you to apply2 from the comfort of your home at any time that suits you. Simply visit our mortgage loan application website2, fill out the necessary forms, and submit your application. Our team will quickly process your information and get in touch to discuss the next steps, keeping you informed and supported throughout your journey to homeownership.

View our available mortgage loan products on this page, and visit the link below to apply2 for a loan today.

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Mortgage Products

 

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Community Lending Program1

Our Community Lending Program is more than just mortgage financing; it’s about empowerment. This initiative aims to assist low-to-moderate income borrowers access the necessary resources while boosting your buying power and providing essential support throughout the home buying process.

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First-Time Home Buyers Program1

Our First-Time Home Buyers Program is designed to turn the dream of homeownership into reality, especially for residents in Pennsylvania, New York, and New Jersey. This program focuses on assisting first-time buyers from varying income levels by enhancing your purchasing capability and providing support every step of the way. PSBT aims to empower new homeowners by giving you access to the tools and resources needed to navigate the process of buying a home.

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Fixed Rate Mortgage Loans1

PSBT offers fixed-rate residential mortgage loans with maximum terms to 30 years. Competitive interest rates, flexible terms and low fees make our fixed rate mortgage a viable option for many customers. Apply online2 today for a fixed-rate mortgage from Peoples Security Bank & Trust.

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Adjustable Rate Mortgage (ARM) Loans1

Let our mortgage professionals show you why an adjustable rate loan might be right for you. Advantages include a lower initial interest rate and lower monthly payments along with flexible terms and low origination fees. We offer several adjustable rate mortgage products including five, seven, ten and fifteen year ARMs. Apply online2 for an adjustment rate mortgage loan today!

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Construction Mortgage Loans1

PSBT offers a unique home construction loan program that includes a one-time closing with a guaranteed rate lock at the start of the project. Interest-only payments on funds advanced during the nine-month construction period are followed by regular amortizing monthly payments upon completion of your residence. All PSBT fixed and adjustable rate products are available for residential construction mortgages. Apply online2 for a construction mortgage and start building your future today.

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Refinancing1

Refinancing your mortgage means paying it off and getting a new one to replace it. You may want to do this to change the rate, payment, or term or to take “cash-out” (equity) from your home to make improvements, cover large expenses, or consolidate debt. Apply online2 for mortgage refinancing from PSBT.

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Peoples Select MTGTM 1

Peoples Select MTGTM offers a fast, inexpensive and convenient mortgage alternative for the financing of your owner-occupied residence. Peoples Select MTGTM is available for both refinance and purchase transactions with home loan amounts up to $500,000.

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Mortgage Loans Frequently Asked Questions

Peoples Security Bank & Trust offers a convenient and easy way to apply for a mortgage loan online2. In just a few steps, you could be on your way to financing your new property. PSBT also offers 39 branches across Pennsylvania, New York, and New Jersey, so you can visit us in person for a more personalized service. Whether you choose to start your application online or speak directly with one of our mortgage experts, we're here to help guide you through every step of the process.

Call us today at 1.844.PSBT.NOW to discuss your mortgage needs and find out how we can help you secure the home of your dreams.

A mortgage loan and a construction loan are designed for different purposes within the realm of property financing. A mortgage loan is typically used to purchase an already existing home or property. It is a long-term financing solution where the property itself serves as collateral for the loan.

A construction loan is specifically designed to fund the building of a new home or the extensive renovation of an existing property. This type of loan is usually short-term and covers only the period of construction, with funds released in stages as construction milestones are completed. Upon completion of the building, the loan often needs to be refinanced into a traditional mortgage.

In essence, while both loans are secured by real estate, a mortgage loan is used for buying, and a construction loan is used for building.

Your monthly mortgage payments will depend on several factors including the loan amount, interest rate, and the term of your mortgage. By understanding these variables, you can estimate how much you'll need to pay each month towards your mortgage. It's important to consider all these elements to get a clear picture of your future financial commitments.

Discover our home loan financial calculators below to get more personalized answers. 

Refinancing a mortgage means replacing your existing mortgage with a new one, typically with different terms. This is often done to secure a lower interest rate, reduce monthly payments, change the loan's term, or convert from a variable-rate to a fixed-rate loan. Homeowners might also refinance to take cash out from the equity built up in their property. The process involves obtaining a new mortgage that pays off and replaces the original loan.

Deciding whether to rent or buy a home hinges on a few things:

  1. Financial Readiness: Buying a home requires a stable income, good credit, and savings for a down payment, while renting generally has lower upfront costs.
  2. Long-Term Plans: Buying may be better if you plan to stay in one location for a long time, whereas renting offers more flexibility if you anticipate moving soon.
  3. Maintenance: Homeowners are responsible for all maintenance, whereas renters are not.
  4. Market Conditions: Local real estate market conditions can affect whether it's more economical to rent or buy.

Consider your financial stability, long-term plans, and lifestyle needs when making this decision.

Use our financial calculator to determine if you should rent or buy a home: 

Choosing the right mortgage depends on your financial situation, how long you plan to stay in the home, and your tolerance for risk with interest rate changes. Fixed-rate mortgages offer stability with consistent payments, while adjustable-rate mortgages might start with lower payments but can change over time. 

For a personalized assessment, visit PSBT's financial calculator to determine which mortgage option is best for you.

The amount of house you can afford depends on your income, debt, credit score, and current interest rates. Typically, it's recommended that your monthly mortgage payment not exceed 28% of your gross monthly income. 

For a detailed calculation based on your specific financial situation, use the financial calculator available on PSBT's website.

The amount of mortgage you qualify for depends on factors such as your income, credit score, existing debts, and the current interest rates. Lenders typically use these to determine your debt-to-income ratio, which helps them decide the maximum loan amount you can manage. To get a precise figure tailored to your financial situation, consider speaking with a lender or using an online mortgage calculator.

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