Mortgages and Loans
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Peoples Bank of the South Values Your Privacy and Security.

Peoples Bank of the South will never ask for you to send personal or financial information by, in response to, or via a link in an email, about our security policies.


Mortgages and Loans

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.  Flexible terms.

  • 96.5% financing available for primary residences.
  • 80% financing available for secondary residences.
  • 80% financing available for cash-out refinancing.
  • 75% financing available for investment properties.
  • Estimated closing time is 5 weeks.


In-house

  • Local Decision
  • Can be paid automatically from your Peoples Bank of the South deposit account.
  • Closing costs are significantly lower for the in-house loans. Let us run the numbers for you.


Home Equity Line of Credit (HELOC)

  • Revolving line of credit.
  • Borrow up from $5,000 to $100,000.
  • As loan is paid down, those funds are once again available to borrow again for various reasons.
  • Qualified customers may borrow up to 80% of the equity in their home.


Construction

  • Financing can be used for primary residences, secondary residences, investment properties, and 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.

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Mortgage FAQs

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 one of our offices for more information:
In Campbell, phone (423) 562-4921 - From Knoxville, call 457-8333.
Fax: (423) 907-9998


In Anderson County, call our Norris-Clinton office at (423) 457-3500.
In Scott County, call our Oneida office at (423) 569-2887.

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