COVID-19 Loan Relief Program
Facing personal hardships due to the Coronavirus (COVID-19) crisis? Look to us for financial relief.
Consumer and Home Loan Relief Program1
Peoples Security Bank & Trust remains committed in our promise to ensure that your financial needs are met in this most critical time of need. While you are striving to protect your own physical health and safety, you can depend on us to assist with your financial security and well-being.
As the global outbreak of COVID-19 continues to unfold on an hour-by-hour basis, a time marked by uncertainty and uneasiness, we at Peoples Security Bank recognize and share in your concerns about how your own lives and employment have been affected during these uncertain times. That’s why we have developed the Coronavirus Loan Relief Program.
For those who are directly affected by the COVID-19 pandemic, you can defer your monthly loan payments for up to 90 days. The following consumer and home loans are covered in our Loan Relief Program1:
Qualifying criteria1,3 for Peoples Security Bank loans:
Qualifying criteria1,3 for secondary loans2 (Freddie Mac, Fannie Mae, and FHLB):
For more information, please call your local branch.
(1) Some restrictions apply. PSBT Loan Deferment plan approval is based solely on eligibility under the program guidelines as outlined above. This offer is effective March 26, 2020 and may discontinue at any time.
(2) Secondary borrowers refer to Mortgage Loans sold to the Secondary Market (Freddie Mac, Fannie Mae and Federal Home Loan Bank). Such loans will be treated as a forbearance agreement in accordance with Freddie Mac Guidelines and procedures.
(3) Ineligible borrowers are those who are currently performing under another Plan, such as, forbearance plan or repayment plan are excluded from eligibility of this plan.