People's United Bank
Yale Mortgage Loan Program | People's Bank
| Program Area | Description |
|---|---|
| Down payment requirement: | As little as 3% (on primary residences only) 97% loan-to-value with Private Mortgage Insurance |
| Application Fee: | No Application Fee |
| ARM Rate Savings: | Adjustable Rate Mortgages 1/8 of 1% (.125%) off People's United Bank Published ARM programs |
| Appraisal Fee: | Residence must be Owner-Occupied. You pay an up front regular bank Appraisal Fee as listed below: - Single Family: $385 - Condominium: $385 - Two / Three Family: $565 |
| Commitment Fee Savings (Points): | 1/2% (1/2 of 1%) off Points (origination / commitment fee) on fixed rate mortgage products. |
| Closing Fee Discount: | $350 document preparation fee waived. |
| Other Types of Mortgages Available: | Construction, Renovation - Call for details -Higher down payments may be required. |
| Yale Mortgage Program Exclusions: | Discounts above may not apply to promotional offers or special programs including CHFA. (These programs have already been discounted.) |
| Additional Information, Assistance, Counseling, or to apply for a mortgage please call: |
Mr. Randy Thomas - Tel: 203 370-4173 Ms. Rita Patel - Tel: 203 785-0399 |
Additional People's Banking Benefits, click here
People's Yale University Homebuyer Program Description click here
For more information, visit People's Bank online.
These offers are subject to change without notice.
Last Update August 2007
