Mortgages
Peoples Bank of the South specializes in Conventional Loans and Construction Loans.
Mortgage Loans
A major commitment. Peoples Bank of the South wants to make it a pleasant event.
Secondary Market
Protection from rising interest rates.
- 100% financing available for primary residences.
- 90% financing available for secondary residences.
- 80% financing available for cash-out refinancing.
- 85% financing available for investment properties.
- Estimated closing time is 4 weeks.
In-house
- Fixed rate financing.
- Can be paid automatically from your Peoples Bank of the South deposit account.
- Estimated closing time is 3 to 4 weeks.
- Closing costs are significantly lower for the in-house loans. Let us run the numbers for you.
Construction
- Financing can be used for primary residences, secondary residences, investment properties, or spec homes.
- We do finance loans for non-licensed builders.
Cash-out Refinancing
- Get a lower rate and consolidate debts at one low rate.
- Closing costs may be included in the new loan.
Looking for a Quote?
Information Needed for "Refinance" Quote
- Current Mortgage Balance.
- Annual Insurance Premium.
- Annual Property tax.
- Current Rate on Your Mortgage Loan.
- Current Payment Amount.
- Remaining Years on Current Mortgage.
Information Needed for "Purchase" Quote
- Sales Price.
- Amount of Down Payment.
- Number of Years for Mortgage.
Please contact David Hickman for more information:
In Campbell, phone (423) 562-4921 - From Knoxville, call 457-8333.
Fax: (865) 429-7550
Email: davidh@peoplesbanksouth.com
Fax: (865) 429-7550
Email: davidh@peoplesbanksouth.com
In Anderson County, call our Norris-Clinton office at (423) 457-3500.