Provident Mortgage Loan Center


Types of Provident Mortgages

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.