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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Welcome Home Loan

If you're looking for a little extra help finding your dream home, our Welcome Home Loan1 could be the right fit. Designed to make homeownership more accessible for low to moderate income buyers, this loan offers flexible terms and personalized guidance to help make your homeownership dreams a reality.

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Welcome Home Loan

Features

30-Year Fixed Welcome Home

6.250% Rate  |  6.533% APR2

  • Down payment as low as 3%
  • Lower interest rates available for properties in low or moderate income census tracts+
  • Some borrowers may qualify for lender paid Private Mortgage Insurance (PMI)
  • Accommodates a variety of down payment and closing costs assistance programs including grants, subsidies and savings clubs from eligible public and government agencies
  • Income limits are waived for properties in majority minority census tracts in Queens, Nassau and Orange counties of NY or in Hudson, Middlesex, and Mercer counties of NJ
  • Plus ask about our Buyer’s Subsidy Advantage Program3 which offers $5,000 toward closing costs or down payment expenses 

Tools & Resources

Contact a
Mortgage Rep

Contact one of our experienced mortgage reps in your area.

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Mortgage
Calculators

Use our calculators to handle the small details so you can make the big decisions.

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Home Loan
FAQs

Get answers to common home loans questions.

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Financial Wellness
Center

Need some help with your homebuying journey? We have several educational resources where you can strengthen your knowledge about home loans.

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See today's mortgage rates

Frequently Asked Questions

Disclosures

[1] 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 - 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.

[2] Effective Date July 10, 2026

Welcome Home assumptions and disclaimers for above rates and points examples are based on: $260,000 loan amount, a minimum credit score of 660, 95% LTV, primary residence, single family detached property, first lien mortgage. 30-year fixed mortgage monthly payment example is 360 equal and consecutive monthly payments of $1,665.86. Principal and interest payments do not include taxes or insurance. Actual payment obligation may be greater. Rates may be higher for refinancing of subordinate liens. Rate Lock periods are 65 days for purchases and refinances. Rates are subject to change. 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. Income limitations apply. Contact your Provident Bank Mortgage Loan Officer to determine if your property is in a low or moderate income census tract. 

[3] Buyer’s Subsidy Advantage Program is available to income-qualified borrowers for the purchase of the borrowers primary residence in a low or moderate income census tract within the Bank’s assessment area.

Lender NMLS #645602