Mortgage Loans

Fixed‑Rate Mortgages

Ideal for buyers who want predictable monthly payments and long‑term stability. Fixed‑rate mortgages maintain the same interest rate for the life of the loan, making them well‑suited for homeowners who plan to stay in their home for many years and prefer consistent budgeting with no surprises.

Adjustable‑Rate Mortgages (ARM)

A good fit for borrowers who expect their income to grow or plan to sell or refinance before the rate adjusts. ARMs typically start with a lower initial interest rate, which can mean lower early payments and potential savings in the short term.

Jumbo Mortgage Loans

Designed for buyers purchasing higher‑priced homes that exceed conventional loan limits. Jumbo loans offer the flexibility and financing power needed for luxury or high‑value properties while still providing competitive terms. PSB Bank jumbo loans are available for loans of $700,000 or more with fixed rates. Loans offer a 30-year amortization for a 15-year term for lower monthly payments.

Mortgage Loan Refinancing

Best for homeowners looking to lower monthly payments, change loan terms, or access equity. Refinancing can help reduce interest costs over time, shorten or extend loan length, or consolidate debt, depending on financial goals.

FHA Loans

Well‑suited for first‑time buyers or borrowers with limited down payment funds. FHA loans are government‑insured and often feature more flexible qualification guidelines, making homeownership accessible to a broader range of buyers.

VA Loans

Available to eligible veterans, active‑duty service members, and qualifying spouses. VA loans typically offer favorable terms, such as no down payment requirements and competitive interest rates, as a benefit for military service.

USDA Loans

Designed for buyers purchasing homes in eligible rural or suburban areas. USDA loans support affordable homeownership with features like low or no down payment options, making them a strong option for qualifying buyers outside of major metro areas.

Construction Loans

Ideal for borrowers building a new home from the ground up. Construction loans provide financing throughout the building process and can often be converted to permanent mortgage financing once construction is complete, helping streamline the transition into your new home.