At Peoples Bank & Trust Co., we’re dedicated to helping veterans, active-duty service members, and eligible surviving spouses achieve their homeownership dreams through VA loans. Backed by the U.S. Department of Veterans Affairs, VA loans offer unparalleled benefits like no down payment and competitive rates. Choosing the right lender is crucial to maximizing your benefits, and we pride ourselves on being a top VA loan lender. Discover the advantages of VA loans, what to look for in a lender, and why Peoples Bank & Trust Co. stands out as the preferred choice for military families nationwide.
What is a VA Loan?
A VA loan is a mortgage program guaranteed by the U.S. Department of Veterans Affairs, designed to help veterans, active-duty service members, and eligible surviving spouses buy, build, or refinance a home. With benefits like no down payment, no private mortgage insurance (PMI), and flexible credit requirements, VA loans make homeownership accessible and affordable. Whether you’re purchasing your first home, refinancing, or building a custom property, Peoples Bank & Trust Co. is here to guide you through the process.
Benefits of VA Loans
VA loans offer unique advantages that set them apart from other mortgage options:
- No Down Payment: Finance up to 100% of the home’s value, preserving your savings for other priorities.
- No Private Mortgage Insurance (PMI): Unlike conventional loans, VA loans don’t require PMI, reducing monthly payments.
- Competitive Interest Rates: VA loans typically offer the lowest available rates, saving you money over the life of the loan.
- Flexible Credit Standards: Even if your credit isn’t perfect, VA loans are more lenient, making them accessible to more borrowers. In fact, we are able to work with credit scores as low as 500 for VA purchase and cash-out loans, and we have no credit score requirement for VA IRRRL’s.
- Versatile Options: Use VA loans for home purchases, refinancing (including VA IRRRL/Streamline or Cash-Out), or construction with our VA One-Time Close Loan.
"Peoples Bank & Trust Co. made my VA loan experience seamless. Their team was professional, responsive, and truly cared about my needs.”
– David S., Veteran
Why Choose Peoples Bank & Trust Co. as Your VA Loan Mortgage Lender?
When selecting a VA loan mortgage lender, you need a partner with expertise, dedication, and a commitment to serving military families. Here’s why Peoples Bank & Trust Co. is the preferred choice:
- Unmatched VA Loan Expertise: Led by professionals, our team specializes in VA loans, ensuring compliance with VA guidelines and a smooth process from application to closing. We have helped thousands of families purchase or refinance their VA home loan and we are happy to help you as well.
- Personalized Support: We take the time to understand your unique financial situation, tailoring loan solutions to meet your homeownership or refinancing goals. We don’t believe in a one size fits all approach. We take the time to listen to your needs and goals to find out what works best for you.
- Nationwide Availability: Serving all 50 states, we provide consistent, high-quality service whether you’re buying a home in a rural area or a bustling city. We will send our notary directly to your home to complete the closing process so it’s as simple as possible for you.
- Streamlined Process: Our efficient online application and approval process, combined with responsive service, minimizes delays and simplifies the experience. In fact, we’re able to have most loans ready to close in as little as 2 to 3 weeks.
- Comprehensive VA Loan Options: From purchase loans to VA Streamline (IRRRL) and Cash-Out Refinances to One-Time Close Construction Loans, we offer the full range of VA loan products to suit your needs.
- Veteran-Centric Commitment: As a lender focused on military families, we prioritize your success, offering transparent guidance and unwavering support throughout the loan process.
What to Look for in a VA Loan Mortgage Lender
Choosing the right VA loan mortgage lender is critical to a successful homebuying or refinancing experience. Here are key factors to consider, and how Peoples Bank & Trust Co. excels:
- Experience with VA Loans: A lender with deep knowledge of VA loan requirements ensures compliance and avoids costly delays. Our team’s expertise guarantees a seamless process.
- Customer Service: Look for a lender that prioritizes communication and support. We pride ourselves on responsiveness and personalized care. If you work with a call center loan officer it will typically be very difficult to reach them again after the first interaction. With our loan officers you will have their direct number and contact information. Our loan officers also work with you throughout the entire process, you’re never passed off to someone unfamiliar with your situation.
- Competitive Rates and Fees: A reputable lender offers transparent, competitive terms. We work to secure the best rates and minimize closing costs for our clients. We offer wholesale rates and always make sure you are aware of any costs upfront.
- Flexibility: The best lenders offer a range of VA loan products and solutions for unique situations. We provide options like purchase, refinance, and construction loans to meet diverse needs.
- Nationwide Reach: A lender with broad availability ensures consistent service. Our nationwide presence makes us accessible wherever you are. This can also be valuable if you have investment properties in other states.
Pro Tip: Choose a lender like Peoples Bank & Trust Co. with a proven track record of serving veterans and navigating VA loan complexities.
How to Get Started with a VA Loan from Peoples Bank & Trust Co.
Securing a VA loan with Peoples Bank & Trust Co. is straightforward. Follow these steps:
- Verify Eligibility: We will obtain your Certificate of Eligibility (COE) from the VA to confirm your entitlement.
- Discuss Your Goals: Work with our experts to determine the best VA loan product, whether it’s for purchasing, refinancing, or building a home. We will take time to listen to your needs and provide recommendations for your specific situation.
- Submit Your Application: Provide necessary documentation, depending on what type of loan you need. We’ll guide you through every step.
- Close Your Loan: Finalize the loan with competitive terms and move into your new home or enjoy lower payments through refinancing. We work to close your loan fast, often in as little as 2 to 3 weeks for refinance transactions.
With fluctuating interest rates and a competitive housing market, now is the perfect time to secure a fixed rate VA loan for purchasing, refinancing, or building your dream home. Peoples Bank & Trust Co. combines unmatched expertise, personalized service, and a commitment to military families to deliver a seamless experience. Whether you’re a first-time homebuyer or looking to refinance, our team is ready to help you maximize the benefits of your VA benefits.
VA loans offer veterans and service members a unique opportunity to achieve homeownership with exceptional benefits. Choosing the right lender is key, and Peoples Bank & Trust Co. stands out with our VA loan expertise, personalized support, and nationwide service. From purchase to refinance to construction loans, we’re here to make your homeownership dreams a reality. Take the first step with Peoples Bank & Trust Co. and experience the difference of a veteran-focused lender.
Disclaimer: VA loan eligibility and terms are subject to VA guidelines and Peoples Bank & Trust Co.’s approval. Contact us for personalized advice and current rates
