Loan Programs

Home Purchase

Whether you are a first-time homebuyer, a renter, or you are purchasing a new or second home, we have an assortment of tools and loan programs to meet your individual financing needs. Use our easy-to-navigate site, or contact us directly by phone.


    We can help you realize your homeownership dreams by offering you all the best advantages:
  • Low Rates
  • Online Application
  • Variety of Mortgage Programs
  • Experienced Loan Professionals
In addition to the loan programs listed below, Provident Bank Mortgage offers other programs. Please consult your Loan Agent for more information.
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