Peoples Community Mortgage LLC - Home Mortgage

Peoples Community Mortgage LLC

15521 Real Estate Ave., Ste. 209
King George, VA 22485
Phone: (540) 663-3091
Fax: (540) 663-3093

Products & Services

Fixed Rate Mortgages
Fixed Rate mortgages guarantee that the interest rate you start with will remain constant throughout the life of the loan. We offer loan terms from 10 to 30 years to meet your needs. We can even customize your loan with features such as a buydown, which reduces your payment amount for the first few years, or a bi-weekly, which reduces the term and total interest payments over the life of the loan. We have pioneered the "piggy-back" mortgage, where we couple a second trust with our first trust. This eliminates the need for private mortgage insurance which reduces your monthly payment. We offer piggybacks with fixed or adjustable rate mortgages.

FHA Mortgages
FHA loans usually offer liberal qualifying criteria and require smaller down payments. Both fixed and adjustable loans are available. These loans are insured by the Federal Housing Administration and you must meet certain FHA guidelines. These loans are offered directly to the home buyer via companies such as Peoples Community Mortgage. You could call the FHA loan the original first-time homebuyer program.

VA Mortgages
Eligible veterans can get long-term loans with little or no down payment, more flexible qualifying standards, and possibly, lower interest rates. These loans are made possible by the Department of Veterans Affairs.

Adjustable Rate Mortgages
Adjustable rate mortgages have an interest rate that may increase or decrease depending on market conditions. The starting rate will generally be lower than a fixed rate mortgage. The change in the rate may occur at various intervals depending on the product you choose. We have interest rates with the first adjustment from one to ten years.

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