Provident Mortgage Loan Center


Types of Provident Mortgages 

Whether you are looking to purchase a home or refinance the one you have, Provident Credit Union has the perfect mortgage loan to fit your needs.

Rates   Apply   Mortgage Consultants   Schedule Appointment

Click on individual mortgage loan types below for a full description, or click further down to learn more about our other mortgage-related services:

Fixed/Adjustable Mortgages 

Want more payment predictability than you would get from a variable rate loan? These "hybrid" loans offer a low rate that stays fixed for five to ten years, then convert to an adjustable rate. This may make the difference in being able to afford your first home, or to move up to a bigger or better home, without giving up the security of a fixed payment during the first years of the mortgage.

Which Fixed/Adjustable Mortgage you choose depends on your preferences for payment security vs. cash flow. Need help deciding which one is right for you? Call (800) 632-4600, option 1-2703.

30 year repayment period

Mortgage Period of
Fixed Rate
Period of
Adjustable Rate
7/23 7 23 Every 12 months
5/5 5 25 Every 5 years
10/10/10 10 20 Every 10 years


Up to 95% Financing Available on Fixed/Adjustable Mortgages!

Please call (800) 632-4600, extension 2703 for more details. Some restrictions apply.

Movable Mortgages 

Would you like to secure today’s low interest rate and take it with you the next time you move? Now you can with Provident's Movable Mortgage! You can lock in today's low mortgage rates on a Provident Credit Union 7/23, 5/5, or 10/10/10 home loan and then transfer the rate to the next home you buy (see above for details on the Fixed Adjustable Mortgages). This option can possibly save you thousands of dollars.

How it works

You have a new home with a great rate. Let's say you decide to move in three years, but rates have risen by that time. You still have years left with your original low rate, and now you can transfer that rate and term to the mortgage on your next home!

Your Plans

  • Think you might want to upgrade? You can buy now to purchase your dream house later — when you're ready to "upgrade" to a more expensive home, you'll keep the rate & terms offered on your existing loan.
  • Plan on Relocating? Think that your job will relocate you in a few years? With the Movable Mortgage, you may still enjoy home ownership & feel secure knowing that you can take your low rate with you when you're ready to move! (All properties must be within the state of California.)


  • Save Money: You can take advantage of today's low interest rates by transferring your current low rate to the next home you buy.
  • Feel Secure: The Movable Mortgage gives peace of mind, even if rates rise in the next few years.

Watch a short video about the program.

Movable Mortgages are available for all Fixed/Adjustable Mortgages.


Fixed Rate Mortgages 

This type of loan appeals to the more conservative borrower, or those who are certain they will not move or have a need to refinance for many years. This type of loan offers a very stable rate and payment over the life of the loan. Even as the overall rate environment changes, your rate and loan payment will stay steady. 15 and 20 year terms are also available, which may be of particular interest to those refinancing a smaller remaining amount after several years of payments.

Need help deciding which one is right for you? Call (800) 632-4600, option 1-2703.

10-Year Fixed Rate Mortgage     

15-Year Fixed Rate Mortgage     

20-Year Fixed Rate Mortgage     

30-Year Fixed Rate Mortgage  Rates    Apply

Fixed Rate Mortgages available for non-owner occupied as well

Apartment Building Mortgage 

Apartment buildings are our specialty! Consider the advantages of financing your apartment building with Provident, up to $4 million for 5-36 units:

  • 30 year terms
  • No pre-payment penalty
  • Movable
  • Cash-out available on all programs

For more information on apartment building mortgages, E-Mail Us or call (800) 632-4600, option 1-2703.

Home Buying 101 

Provident Credit Union hosts frequent Home Buying Workshops at its various branches and Corporate Headquarters. Upcoming workshops are listed in the sidebar at right, on our home page, and in our online calendar When you attend, you'll get the knowledge you need to take advantage of the excellent current home-buying conditions. We will guide you through the home buying process, with topics including:

  • Loan pre-approval, and applying for a mortgage
  • How you can qualify
  • Funding 95% of your purchase
  • The forms and the purchase contract
  • Details of the loan process
  • Private mortgage insurance (PMI)
  • Financing choices -- choosing the right loan for you
  • Questions and Answers

Online Resources

Just click on the Resources link at left for comprehensive information and calculators to help you plan and understand more about the mortgage loan process.

Power Funding 10-Day Guarantee 

Close your purchase in 10 business days or less, guaranteed!

Your time is valuable. Power Funding lowers your stress by limiting how long you have to wait for a mortgage to close. Power Funding is a guarantee that all first mortgage loans fund within 10 business days. If Provident is unable to meet this commitment, it will rebate $995 to you. 1


All first mortgage purchase loan transactions (does not include multi-unit properties, home equity loans, HELOCs, or PMI loans) qualify for the Power Funding program if they meet the required criteria below:

  • Must be pre-approved with Provident Credit Union
  • Only Bay Area properties qualify for the program 2
  • Limited to loans less than or equal to 80% CLTV
  • Must be requested at time of application

Guarantee Period

The guaranteed funding period starts when Provident receives your:

  • Full loan application
  • Credit package 3
  • Deposit

The guaranteed funding period end when your loan is funded.

Pre-approval and closing guarantees are based on a preliminary review of borrower's credit information only and is not a commitment to lend. The closing guarantee is subject to verification of the information submitted on borrower's application, in addition to borrower’s property eligibility. Fraudulent or purposely misleading information provided by borrower will invalidate the guarantee.

1 The guarantee to close within 10 business days does not apply if delays occur by third parties, including but not limited to realtors, borrowers, and/or sellers. Down payment must be from borrower’s own source of funds and does not include non-lender paid fees, impounds, or reserves. Provident Credit Union guarantees to close your loan by the date specified in the purchase contract, provided this date is 10 business days from contract date and we have received a complete loan application and all requested documents. If the loan fails to close on time due to a delay by Provident Credit Union, we will credit $995.00 of the buyer's closing costs at time of funding (Power Funding must be requested at time of application). This offer may not be combined with other satisfaction guarantee offers. Borrowers must meet Provident Credit Union’s lending guidelines. Any alteration to the loan amount or loan terms by, or per request of, borrower will invalidate the guarantee. Property must appraise at or above the sale price.

2 Power Funding is only available for properties in the Bay Area, which include San Mateo County, Santa Clara County, San Francisco County, Alameda County, and Contra Costa County.

3 Credit package includes verification of income and assets; W2s, pay stubs, tax returns, all company schedules (if applicable), deposit statements, and brokerage and 401K statements.

Apply Now!

Ready to Close or Get Pre-Approved? To apply online for a mortgage loan (all loan types except apartment building), click on the apply button below.*

Apply Online Now

To receive a mortgage application by mail, or to ask about higher loan amounts of $1,000,000 or more, call (800) 632-4600, option 1-2703, or e-mail our Real Estate Lending Department.

* Application deposit required for all mortgage loan applications, including pre-approvals. Deposit is to be credited towards loan fees at closing.

Looking for a second mortgage? Provident offers both HELOCs and closed-end Equity Loans in our Equity Loan Center.

Provident Credit Union NMLS #412725.