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CORPORATE INFORMATION

Provident Bank
3756 Central Avenue
Riverside, CA 92506
Phone:  (951) 686-6060

IMPORTANT NUMBERS

Access Plus Direct Talk
24 Hour Information
Phone:  
(800) 442-5201

Debit Card PIN Update
Phone:  
(800) 567-3451

Provident Bank Mortgage
Direct Loan Center

Monday - Friday
Phone:  (800) 250-1713

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• LOAN PROGRAMS

 
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PBM Loan Program Disclosures
Conforming Libor ARM
CM50 Link to PDF document
CM70 Link to PDF document
CM10 Link to PDF document

Agency High Balance Libor ARM
CM52 Link to PDF document
CM72 Link to PDF document

FHA ARM
FHA5_1 ARM Disclosure Link to PDF document


 
Loan Programs

Advantages

Disadvantages

 
Fixed Rate Mortgages
30 year fixed
15 year fixed
  • Monthly payments are fixed over the life of the loan
  • Interest rate does not change
  • Protected if rates go up
  • May be able to refinance if rates go down
  • Higher interest rate



  • Higher mortgage payments


  • Rate does not drop if interest rates improve
Adjustable Rate Mortgages
10/1 ARM
7/1 ARM
5/1 ARM
  • Lower initial monthly payment
  • Lower payment over a shorter period of time
  • Rates and payments may go down if rates improve
  • More risk


  • Payments may increase over time


  • Potential for high payments if rates go up
First Time Buyer Programs
  • Lower down payment


  • May qualify for down payment assistance programs
  • May be subject to income and property value limitations
  • Some programs which have government subsidies may have a recapture tax if you sell the house too early.

 

This is not an offer for an extension of credit or a commitment to lend. All applications are subject to borrower and property underwriting approval. Not all applicants will qualify. All loan products and terms are subject to change without notice. Provident Savings Bank, F.S.B
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(800) 442-5201 | Copyright 2010-2016 Provident Bank. All Rights Reserved. | Privacy Policy
NMLS ID#: 449980 | Routing Number: 322270518
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