We’re offering special promotional construction loan options for home buyers looking to build in our partner builder’s neighborhoods. These loans are only available if you’re building a new home in these subdivisions with our specified builders.
- Irownwood subdivision with Mattingly Homes
- Riverstone subdivision with Selective Homes
- Chatham Place subdivision with R.A. McGillem Custom Homes.
Special Offer Construction Loan
- Up to $2000 in Closing Costs WAIVED
- NO PMI Required
- ONLY 10.1% Down
- NO Origination Charges
- NO Jumbo Rate Increase
- Rate Lock for 120 DAYS
- No Construction Draw Fees
To see if you qualify for this offer,
contact our lending department
or call us at 812.842.2265
At Peoples, you are not a loan! We are here to help you every step of the way!
Member FDIC – Equal Housing Lender – Offer is only available to applicants building a primary residence with a partner builder in specific qualifying neighborhoods. Offer is subject to credit approval. Lender paid closing costs of up to $2,000, additional closing costs may apply. Property insurance is required. Property taxes and property insurance are not included in payment example. Consult a tax advisor for possible tax deductibility of interest. Permanent financing must be applied for separately. (Example: 12 Month Fixed Rate – Cost to Build: $350,000, Down Payment: 10.1%, Amount Financed: $314,650, APR*: 5.01%, 11 Monthly Interest Only Payments of up to $1,266 and 1 Balloon Payment of $315,916) Peoples Trust and Savings Bank NMLS 229852 – *Annual Percentage Rate (APR) is accurate as of 09/15/2020 and subject to change.