Peoples Bank Homeownership Fund

Make your homeownership dreams a reality.

The Peoples Bank Homeownership Fund is a specialized loan program, offering $10,000 to help low to moderate-income borrowers seeking homeownership. Affordable financing options and down payment assistance can help you comfortably transition into your new home.

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Peoples Bank Homeownership Fund Details

$10,000 available for qualifying borrower(s).

Property must be located in a Majority-Minority Census Tract area.²

Funds may not be used for closing costs.

Borrower(s) must originate and maintain a first mortgage with Peoples Bank for a period of at least five years.³

Income limits apply.¹

Borrower(s) must maintain ownership and reside in the property as their primary residence for a period of five years (Retention Period) from the date of the loan closing or project completion.

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¹Applicant(s) documented income must be at or below 80% Mortgage Revenue Bond (MRB) for the county and state where the property is located.

²The subject property must be located within a Majority Minority census tract that has greater than or equal to 50% minority population.

³Homeownership Fund only available in conjunction with a first mortgage purchase loan with Peoples Bank. To avoid being required to payback any portion of the fund, Peoples Bank must hold the first mortgage for a period of five years.

This is not a commitment to lend or extend credit. Information is subject to change without notice. All loans subject to application, credit and collateral approval. Peoples Bank is not acting on behalf of, or the directions of, the VA, FHA, the USDA or the Federal Government. Payment of taxes, insurance, discount points and HOA fees are the responsibility of the borrower. Consult a tax advisor regarding tax deductibility. Interest on loan greater than Fair Market Value is not tax deductible. Other exclusions may apply.

NMLS#617258