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Please read the following before you begin:
To calculate how much you can afford, some basic financial information is required.  Here are some hints for completing the information below.  Total Monthly Debt is the amount you pay on Credit Cards, Car Payments and any other debt.  Utility payments are not included.  If you are not sure what the Taxes and Insurance amounts will be, just put leave it blank and we will provide an estimate**.  The Total Funds Available to Close the Loan is the amount you have saved for the down payment and closing costs.   Note: The prequalification amount shown currently does NOT take into account the different debt ratios that are allowed with FHA, USDA & VA loans.   VA loans are only available for eligible veterans/members of the U.S. Armed Forces. Please consult your local Peoples Federal Loan Officer for further details about these loans.
Down payments of less than 20% of the purchase price will require Private Mortgage Insurance,  as an additional amount added to your monthly payment, Taxes and insurance will be required to be escrowed.  FHA, USDA & VA loans have different down payment requirements. Please consult your local Peoples Federal Loan Officer for further details about these type of loans.
Items marked with a '*' are required.
You can choose your preference in regards to the type of loan, the term of the loan (number of payments) and whether you want the lowest interest rate, payment amounts or closing costs.  You may select more than one of each of these.
Financial Information
*Gross Monthly Incomehelp *Total Monthly Debt Paymentshelp Estimate of Annual Taxeshelp
Estimate of Annual Insurancehelp *Total of funds available to close loanhelp *First Time Homebuyer
*Purposehelp *Property Typehelp *Occupancy Typehelp
*Do you prefer a *Do you prefer a Term of *Do you Prefer
Click on the Select Loan Products button and the system will display a list of the loans, loan amounts and a variety of other information.  To end the Pre-Qual process, click on the cancel button.
** Estimated amounts used: $600.00 for Annual Insurance and $1,800.00 for Annual Taxes, your actual amounts will vary. If you manually entered  an anmount those figures will be used in the calculations.
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