Calculators
Get answers with our mortgage calculators.
Products
VAVA - Must be VA eligible (will need copy of DD214 and original certificate of eligibility) Minimum credit score allowed is 620, 100% financing (no down payment requirement) guaranteed by government, no mortgage insurance required, no prepayment penalty.
FHAFHA - requires minimum 3.5% down, minimum credit score is 640, guaranteed by government, requires upfront mortgage insurance which can be financed, and monthly mortgage insurance, no prepayment penalty
RDRD - 100% financing, no down payment required, minimum credit score is 640, required upfront mortgage insurance which can be financed, requires monthly mortgage insurance, guaranteed by government, property must be RD eligible, borrowers must meet income requirements. Feel free to e-mail one of our loan specialists for more details on the product @
mortgagedepartment@peoplesbankal.com
ConventionalConventional - requires minimum 5% down, minimum credit score is 620, not guaranteed by government, requires PMI on loan to values over 80%, no prepayment penalty
Applying online is as easy as 1-2-3. You can apply now in as little as 20 minutes.
- Apply Now and complete the application.
- Click submit and your information will be reviewed for instant online approval.
- A Peoples Bank of Alabama Mortgage Loan Originator will follow up to answer your questions.
Our goal is to provide the highest level of service at competitive rates. Our Mortgage Loan Originators are only a phone call away if you need help. Contact us at 877.788.0288.
