Home Loans

We realize that buying a home is one of the most important decisions your family will ever make, and we welcome the opportunity to help you finance your home. If you are thinking about buying a new home in our area, please e-mail us and ask for our free booklet "For the Home Buyer" which will help you in shopping for your home and shopping for your loan. This booklet explains in detail the settlement costs you may expect in financing your home and gives you a complete list of homebuyer's rights. There is no charge to apply or to get pre-qualified at PCB. You will find our rates are extremely competitive if not the best in town.  Since we are 100% employee-owned we make all loan decisons locally and can have you an answer quicker than you expect.  Please e-mail or call one of our loan officers toll free at 1-800-667-5202 for additional information and current interest rates.

                   Your PCB Home Loan Experts

Adjustable Rate Loans
Adjustable Rate Mortgages offer a flexible interest rate for up to 30 years with inital fixed rates for the first 1 to 7 years.  Click here to view loan assumptions. PCB offers various types of adjustable rate mortgages. Certain type of loans require no downpayment.

Fixed Rate Home Loans
PCB offers home mortgages with fixed interest rates up to a term of 30 years. Click here to view loan assumptions.  Rates and points are competitive with the prevailing market rates. Rates and points are quoted daily. Call or e-mail us for the current rates.

Government Home Loans
VA Home Loan
The Veteran's Administration Loan is a guaranteed home mortgage loan for qualified veterans of the U.S. Military and National Guard. A Certificate of Eligibility is needed in order to determine if the veteran has adequate entitlement for the VA home loan. VA loans do not require a down payment. At PCB we offer 15 or 30 year fixed rate VA loans.  Click here to view loan assumptions.

FHA Home Loan
The Federal Housing Administration (FHA) loan is an insured Housing and Urban Development (HUD) home mortgage loan. The FHA loan is not restricted to first time home buyers. It's an excellent program designed for those homebuyers that have limited funds available for a down payment.

Rural Development Home Loan
Rural Development Loans are guaranteed by the USDA and are designed for low to moderate income families. There are income restrictions for this loan program. Income limits can vary from state to state and county to county, so please e-mail or call PCB for Missouri's limits. Rural Development loans do not require a down payment and are not restricted to first time home buyers. There is no private mortgage insurance (PMI) required for this type of home loan. The RD loan is a 30 year fixed rate loan.  Click here to view loan assumptions.

Construction Loans
We offer Construction Loans for borrowers who wish to build their own home. These types of loans require building plans, estimates by contractor, and a material list prior to loan approval. The construction loan will have a fixed rate of interest during the construction phase. Interest is paid on a monthly basis on the outstanding principal balance drawn to date. Once construction is complete the loan can be rolled into an adjustable or fixed rate loan. There are no additional closing costs when converting the construction loan into PCB's adjustable rate mortgage.

For more information about loan products please call an Loan Specialist today or e-mail  pcb@phelpscountybank.com .