Mortgage Resource Center Blog

For veterans, active-duty service members, and eligible surviving spouses with an existing VA loan, the VA Interest Rate Reduction Refinance Loan (IRRRL)—also known as a VA streamline refinance—offers a fast, cost-effective way to lower your mortgage payments or adjust loan terms. With very minimal requirements and competitive rates, the VA IRRRL is a powerful tool for military homeowners. What Is a VA IRRRL? The VA IRRRL stands for Interest Rate Reduction Refinance Loan, designed for homeowners with an existing VA loan to refinance into a new VA loan with a lower interest rate or better terms. This could also mean…

Are you a veteran or active-duty service member ready to buy or build your dream home? Getting pre-approved for a VA home loan is the first step to securing a mortgage with up to 100% financing, low interest rates, and no private mortgage insurance (PMI). With housing markets fluctuating, a pre-approval gives you a competitive edge, especially in hot markets. We will explain the VA home loan pre-approval process, its benefits, eligibility requirements, and step-by-step instructions to help you confidently navigate the path to homeownership. Whether you’re buying in a bustling city or a quiet suburb, understanding VA loan pre-approval…

Are you a veteran or active-duty service member looking to save money on your mortgage or tap into your home’s equity? Refinancing your VA home loan could be a game-changer, offering lower interest rates, reduced monthly payments, or access to cash for major expenses. With VA loan refinance rates fluctuating, now is the perfect time to explore your options. Whether you’re considering a VA Interest Rate Reduction Refinance Loan (IRRRL) or a cash-out refinance, this comprehensive guide will walk you through the benefits, eligibility, process, and top lenders to help you make an informed decision. What Is a VA Home…

Understanding the Current Mortgage Market and Interest Rates: Hey everyone! Just a quick introduction, I’m Michael Parker (Branch Manager) from PBHomeLoan.com, and I’m here to break down the mortgage market as of March 14, 2025. Whether you’re eyeing your first home, thinking about a refinance, or just curious about rates, I’ve got the latest for you. This week, we’re seeing shifts in conventional, VA, and FHA mortgage rates—let’s jump in!Mortgage Rates This Week: What I’m Seeing Rates are keeping us on our toes this week (as of March 13, 2025). Here’s the snapshot:  ·        30-Year Fixed Conventional: Up to 6.65% from…

We know that transitioning from deployment to civilian life can be challenging, especially when it comes to finding a place to call home. But here’s some good news: VA loans are designed to make this process smoother and more accessible for you. Let’s walk through how you can go from deployment to your dream home seamlessly with the help of VA loans. Overview of VA Loans What is a VA Loan? VA loans are a fantastic benefit offered by the Department of Veterans Affairs. These loans are specifically for military members, veterans, reservists, and National Guard members to help make…

Embarking on the journey to homeownership can feel overwhelming, especially when it comes to finding the best mortgage lender and the right home loan. With a sea of options available, the process can quickly become confusing. Peoples Bank & Trust Company understands this challenge and is dedicated to being your trusted partner in securing the best home loan for your unique needs. This comprehensive guide will walk you through the intricacies of choosing a mortgage lender, the various types of loans available, and how Peoples Bank & Trust Company can help you achieve your dream of homeownership. The Importance of…

If you're a veteran utilizing a VA home loan, there's an uncomplicated method for refinancing that could result in potential savings. Consider a VA streamline refinance, also known as a VA Interest Rate Reduction Refinance Loan (IRRRL). This option might help decrease your interest rate, reduce your mortgage term, or minimize your monthly payment, frequently without the need for an appraisal or credit underwriting. Here’s what you need to know about VA streamline refinances: What is a VA streamline refinance (VA IRRRL)? VA streamline refinance loan benefits Drawbacks of VA streamline refinance loans VA streamline refinance eligibility guidelines VA IRRRL…

For veterans and active-duty service members, VA loans represent an incredible opportunity to own a home with favorable terms and 100% financing. Understanding whether you qualify for a VA loan and the benefits it offers can significantly impact your homeownership decisions. Qualifications for a VA Loan The Department of Veterans Affairs (VA) sets specific criteria that applicants must meet to be eligible for a VA loan. These qualifications are centered around service history, duty status, and financial readiness. Service Requirements: Veterans: Must have served 90 consecutive days of active service during wartime, or 181 days of active service during peacetime.…

VA Home Loan Agency Near Me: Peoples Bank & Trust Company When it comes to securing a home loan as a veteran or active-duty service member, finding a reliable and experienced VA home loan agency is paramount. The search for a "VA Home Loan Agency Near Me" often leads to various options, but one standout choice for nationwide assistance is Peoples Bank & Trust Company. Understanding the transient nature of military life, Peoples Bank & Trust Company offers consistent, top-tier services to those who have served our country. Whether you have received PCS orders to another part of the country…

Peoples Bank & Trust Company, established in 1994, is a community bank that has evolved to meet the changing needs of its customers, including military veterans. The bank offers a range of services, including VA loans, which are an important option for many veterans and active-duty service members. In fact, Peoples Bank & Trust Company has helped thousands of military families and Veterans take advantage of their VA benefits by providing access to some of the best programs and lowest rates in the industry. Choosing the best VA lender, like Peoples Bank & Trust Company, requires understanding what VA loans…

Your Path to Home Sweet Home Hey there, future homeowner! We're thrilled to be your partners on this exciting journey to owning your dream home in Wilmington. Welcome to the ultimate guide that will not only demystify the world of Wilmington home loans but also provide you with insights into how Peoples Bank & Trust Company can make your homeownership dreams come true. Understanding the Basics of Wilmington Home Loans At Peoples Bank & Trust Company, we understand that a home is more than just bricks and mortar; it's where memories are made. A Wilmington home loan, often referred to…

As military personnel, frequent relocations, or Permanent Change of Station (PCS) orders are a part of the job. It's an exhilarating journey that takes you from one base to another, sometimes even across borders. However, one significant concern during these relocations is dealing with finding a new home and applying for a new mortgage. This is where we at Peoples Bank & Trust Company come in to ease your burden. With a vast array of offerings, we ensure that your transition is as smooth as possible. Here are just a few reasons why Peoples Bank & Trust Company is the…