Mortgages

Make a house your home.

Passumpsic Bank offers a variety of mortgage programs because while many of us dream of owning a home, not everyone’s dream looks quite the same.

Using our wholly owned subsidiary, Northeast Home Loan, LLC, we can offer a variety of mortgage loan products, competitive pricing, and the service Passumpsic Bank is known for, to originate and service your home-financing needs.

Current Rates

Effective Date: Tuesday, November 13, 2018

 RatePointsAPRPayment**
30 Year Fixed5.000%05.077%$537
20 Year Fixed4.875%04.979%$653
15 Year Fixed4.500%04.631%$765
Disclaimer

** Payment based per $100,000 amount

Columns labeled “APR” refer to the “Annual Percentage Rate”. For definitions of these and other home mortgage terms visit Mortgage Terms & Definitions.

ANNUAL PERCENTAGE RATE (APR) IS BASED ON $100,000 LOAN AMOUNT WITH 20% DOWNPAYMENT. LOANS WITH LTV’S GREATER THAN 80% REQUIRE PRIVATE MORTGAGE INSURANCE. APR-To make it easier for consumers to compare mortgage loan interest rates, the federal government developed a standard format called an “Annual Percentage Rate” or APR to provide an effective interest rate for comparison shopping purposes. Some of the costs that you pay at closing are factored into the APR for ease of comparison. Your actual monthly payments are based on the interest rate, not the APR. Special Information for all adjustable rate mortgages- The interest rates are subject to change and may increase or decrease due to market-driven changes to the index. For information regarding our arm products, margins, caps and indexes, please call 877-757-7815. RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE

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An experienced member of our mortgage team is ready to help you, every step of the way. Choose the branch that is most convenient for you and we will start your adventure!

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Mortgage Products & Services

Everything you need to take that next step.

When it comes to mortgages, knowledge is power.

Get a sense of monthly payments and what you need to get started.

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What you need to start the mortgage process

At Passumpsic Bank our goal is to make this process as smooth and fast as possible, so you can see your dream become a reality!

In an effort to process and underwrite your file as quickly as possible, we will need the following information to accompany your completed application packet:

  • Pay stubs: Most recent pay stubs totaling 1 month of income.
  • W-2 Wage Earnings: Previous two years of W-2s and/or 1099s. VHFA loan programs (first time homebuyers) will need 3 years of documents.
  • Federal Tax Returns: Previous 2 years of signed tax returns including all schedules. VHFA loan programs require 3 years of signed tax returns.
  • Deposit Accounts: This includes checking and savings accounts. Most recent 2 months of statements including all pages and it needs to be on letterhead.
  • Social Security/Pension: Copy of your most recent Award letter if applicable.
  • Child Support Obligation: Copy of the child support order and divorce decree if applicable.
  • Child Support Income: Copy of the child support order, divorce decree, and verification of receipt if you wish to include that in your monthly income. Only if applicable.
  • Real Estate Owned: Copy of the following information for all real estate currently owned (including the subject property if refinancing):
    • Most recent mortgage loan statements for all mortgages on the property
    • Most recent paid tax bill (if not escrowed with the mortgage)
    • Most recent paid homeowner insurance (if not escrowed with the mortgage)
  • Purchase Transactions--Copy of the following information for the property you are looking to finance:
    • Complete copy of the Purchase and Sales Agreement
    • Most recent paid tax bill
    • Warranty Deed
    • Listing Sheet
  • Construction Loan: Include a copy of the building plans, contract with your general contractor and estimates for all costs involved.
  • Business Tax Returns: If you have more than 25% interest in a business please provide the previous 2 years of business tax returns.
  • Check: Made payable to "Northeast Home Loan" ($46.75 for single borrower or $52.00 for joint applicants) for the credit investigation.

Contact a Mortgage Lender today to request a mortgage application package and to schedule a meeting.

Meet Your Lending Team

Our mortgage specialists are just that - specialists. Our experienced home loan officers are ready to meet you, whether you’re ready to buy now, hoping to qualify in the future, building a new home, looking to refinance your present home or looking for advice.

Have questions? Ready to apply? Select a loan specialist below.

Alycia Vosinek

Alycia Vosinek

Mortgage Lender

St. Johnsbury/Lyndonville/Newport, VT

NMLS #: 409087

(802) 751-4218

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Nichole Provencher

Nichole Provencher

Mortgage Lender

Newport, Vermont
NMLS #: 1767889
(802) 334-1064

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Karen Covill

Karen Covill

Mortgage Lender

Lancaster, NH

NMLS #: 65346

(603) 788-4715

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Kimberly Doolan

Kimberly Doolan

Mortgage Lender

Littleton, NH

NMLS #: 1633490

(603) 444-1738

Apply Now