About PBT Bancorp
PBT Bancorp is an FDIC member bank and wholesale mortgage broker built around one specialty, VA home loans for Veterans and military families. Since 2010 our team has closed more than 3,000 of them, in markets across all 50 states, with the same approach on every file, a very high level of service, real responsiveness, and the best option we can find for each client rather than the easiest one to sell.
- Michael Parker, NMLS #457569
- In mortgage lending since 2004
- Licensed in all 50 states
Meet Michael Parker
I’m Michael Parker, the Production Team Manager here, and the VA practice at PBT Bancorp is the team I’ve been building since 2010. I grew up in East Tennessee and graduated from the University of Tennessee in Knoxville in 2004, went to work for a local mortgage broker right out of school, and learned the business file by file. In 2006 I moved to Wilmington, North Carolina, where I met my wife, and we still call it home today.
When I’m not working on loans you’ll usually find me golfing, out on the boat, or snow skiing when we can get to a mountain. The work itself has never felt far from home, though, and the next section explains why.
What PBT Bancorp Actually Is
PBT Bancorp is an FDIC member bank and a wholesale mortgage broker under one roof, company NMLS #257781, licensed in all 50 states. That structure matters more than it sounds. When in-house funding is your best deal, we close the loan ourselves as the bank. When one of the 35-plus wholesale lenders we work with prices your loan better, we broker it there instead. Either way you get the sharper rate, because we are never stuck with only one shelf to sell from.
The VA programs we work every day include VA purchase loans with $0 down and no monthly mortgage insurance (PMI), the VA IRRRL streamline refinance including our No Score IRRRL, VA cash-out refinances, VA high-balance loans, and one-time close construction loans.
How My Team Works a File
Service and responsiveness are easy words to put on a website. Here is what they mean in practice.
- Your calls and texts get answered by a real person who knows your file, not a call center
- We pull your Certificate of Eligibility (COE) for you at no cost, usually the same day you reach out
- Every file gets human underwriting, which is how our 500 minimum credit score on VA purchase loans actually works
- We price your loan in-house and across 35-plus wholesale lenders before we recommend anything
- Most files close in 2 to 3 weeks, timed to PCS orders and report dates when the military calendar is driving
Talk to a VA loan specialist
Real person, no credit pull, no obligation. Takes 30 seconds.
What do you need help with?
Thank you for your interest. We will be in contact as soon as possible.
Prefer not to wait? Call 800-697-4371 or text us at (800) 697-4371.
Questions people ask about us
Is PBT Bancorp a bank or a broker?
Both, and that’s deliberate. We are an FDIC member bank that can fund loans in-house, and a wholesale broker that can shop your file across more than 35 lenders. Whichever path prices better for you is the one we take, and we show you the comparison rather than asking you to trust the label.
Who will I actually work with?
A real team of people who work VA files all day, led by me. I’ve been doing this since 2004, and the loan officers and processors on my team have closed thousands of VA loans together. You will not be handed to a rotating queue of strangers, and the person who quotes your loan is reachable through closing day.
Do you only do VA loans?
VA lending is our specialty and the heart of the practice, purchase, IRRRL streamline, cash-out, high-balance, and one-time close construction. We are licensed in all 50 states, so wherever the orders send you or wherever retirement lands you, the same team handles it.
Let’s talk about your loan
Call me and my team at 800-697-4371, or send your number through the form on this page and we will reach out to you. No credit pull, no obligation, just straight answers from people who do this every day.