Go Back
HERE FOR YOUR FIRST MOVE
Whether you're saving toward a down payment or have found a home you love, we have the products, services, and resources to make purchasing your first home a dream come true. Connect with a Provident Bank Mortgage Representative who will be with you every step of the way.
There are plenty of places to get your first mortgage, but no better place than Provident Bank. Our representatives are here to guide you through the home buying process and answer all your questions along the way.
Choose the term that suits your financial needs.
15-Year Fixed Rate
6.250%Rate
_____________________________________
6.350%APR*
30-Year Fixed Rate
6.875%Rate
_____________________________________
6.938%APR*
Take a look at our competitive loan products and choose the one that's right for you:
HomeReady® Mortgage
- Down payment as low as 3% for primary residence
- Flexible income requirements
- Can accommodate a variety of down payment assistance programs
- 30 year fixed-rate mortgage1
- For example: 360 monthly payments of $27.83 per $1,000 borrowed
1A 5.0% down payment on a 30-year, fixed-rate loan of $380,000 with an interest rate of 6.250% / 6.511 % APR will have 360 monthly principal and interest payments of $2,339.73. Payments shown do not include taxes, homeowners’ insurance, or mortgage insurance (if applicable). Actual payments will be higher. This is assuming a New Jersey purchase transaction, 65-day lock, 95.00 % LTV, 740 FICO, detached single family, owner-occupied, closest to zero discount points, rates change daily. Borrower must complete an accredited home ownership course to qualify. Income restrictions may apply. Subject to credit approval.
FHA Mortgage
- Down payment as low as 3.5%
- No income restrictions
- Financing for up to four family property
- Terms up to 30 years1
- Renovation loans are available
- Can accommodate a variety of down payment assistance programs
1A 5.0% down payment on a 30-year, fixed-rate loan of $380,000 with an interest rate of 6.250% / 6.511 % APR will have 360 monthly principal and interest payments of $2,339.73. Payments shown do not include taxes, homeowners’ insurance, or mortgage insurance (if applicable). Actual payments will be higher. This is assuming a New Jersey purchase transaction, 65-day lock, 95.00 % LTV, 740 FICO, detached single family, owner-occupied, closest to zero discount points, rates change daily. Subject to credit approval.
Welcome Home Loan
- Down payment as low as 3%
- Discounted interest rates for properties located in low and moderate income census tracts within Provident Bank’s assessment area.*
- Can accommodate a variety of down payment and closing costs assistance programs
- No Private Mortgage Insurance (PMI) paid by borrowers on loans in low or moderate income census tracts
*The Welcome Home Loan product is available only in the following counties in: New Jersey - Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union, and Warren; New York - Brooklyn, Bronx, Queens, Nassau, and Orange; Pennsylvania - Bucks, Lehigh, and Northampton. Income limitations and maximum loan amounts apply. Borrower may be required to complete an accredited home ownership course to qualify. Subject to credit approval.
Rate Discounts are limited to properties located in a low or moderate income census tract within the Bank’s assessment area. Moderate-income tract rate discount is .25%. Low-income tract rate discount is .50%. Income limitations apply. To see if your property is in a low or moderate income census tract: https://www.huduser.gov/portal/qct/screen2.html
Talk to your mortgage representative about grants and/or down payment assistance in your area.
As a first-time homebuyer, you may be eligible for additional benefits that will leave you with a little extra cash.
Ask about our Welcome Home Loan and Buyers Advantage Subsidy Program offering up to $5,000 in additional subsidy money that can be used towards your down payment or closing costs.
Contact Us
Questions? We have answers! Schedule a consultation and let our experts be your guide.
Mortgage Calculators
Welcome to the adventure of homeownership! Our calculators are here to help along the way.
Mortgage Solutions
Every journey to the front door is unique. Explore our mortgage options to find the best solution for you.
Mortgage Webinars
Join one of our interactive webinars and events designed to answer your questions and guide you.