40-Year Mortgage Loans
Unlock lower monthly payments
Homeownership is now more affordable
Provident is making homeownership easier with our new 40-year mortgage, available for our Fixed/Adjustable Mortgage loans.230 This longer term can help you increase your purchasing power and save on monthly payments. With Provident's 40-Year Home Loan, moving into your dream home is more achievable than ever.
Meet With a Mortgage Consultant
Schedule an appointment with an experienced Mortgage Consultant to help guide you through the homebuying process.
Purchase a New Home
Your dream home awaits. Let us help you reach your goal of homeownership.
POWER Funding 10-Day Guarantee
Close your purchase in 10 business days or less, guaranteed.039
Fixed/Adjustable Movable Mortgages
APRs are based on a loan amount of $550,000.
Rates are valid as of and are subject to change.
| Term in Years | Discount Points | Interest Rate | APR | Payment per $1,000 | Disclaimers |
|---|---|---|---|---|---|
| 5/530 Years | 0.000% | 6.25% | 6.138% | $6.16 | CC, DD, EE, FF, S |
| 1.000% | 6% | 6.134% | $6.00 | ||
| 5/540 Years | 0.000% | 6.375% | 6.161% | $5.77 | CC, DD, EE, FF, FFF, S |
| 1.000% | 6.125% | 6.156% | $5.59 | ||
| 7/2330 Years | 0.000% | 7.75% | 7.328% | $7.16 | CC, DD, EE, FF, S |
| 1.000% | 7.5% | 7.295% | $6.99 | ||
| 10/1030 Years | 0.000% | 7.75% | 7.274% | $7.16 | CC, DD, EE, FF, S |
| 1.000% | 7.5% | 7.203% | $6.99 | ||
| 10/1040 Years | 0.000% | 7.875% | 7.227% | $6.86 | CC, DD, EE, FF, FFF, S |
| 1.000% | 7.625% | 7.159% | $6.67 |
- CC) Discount points are paid to buy down the interest rates and are calculated as a percentage of the loan amount.
- DD) Interest rate based on the above assumptions, and may be different than the rates displayed here. The interest rates, Annual Percentage Rates (APRs), discount points, and rebates shown are subject to change without notice.
- EE) Payment per $1,000 balance is based on the interest rate listed for the amortization term listed, and is rounded to the nearest cent. Example: for a 30 year, $750,000 conforming mortgage with zero-points and a fixed rate of 5.875%, multiply 750 x $5.92 for an approximate payment amount of $4,536.53 (loan amount ÷ $1,000 x payment example = payment amount). The monthly payment amount shown includes principal and interest, and does not include amounts for taxes and insurance premiums, if applicable. Your actual monthly payment will be higher if an escrow account is established or required. Private mortgage insurance (PMI) is required on mortgages that exceed 80% loan-to-value (LTV), and would also increase the payment amount.
- FF) All mortgage loans through Provident Credit Union are for homes in California only. Adequate property insurance required for the life of the loan. Flood insurance may be required. All loans subject to credit approval. Other restrictions may apply. Provident Credit Union NMLS #412725
- FFF) 40-year term must be owner occupied condo or single family purchase or rate and term refinance only (no cash out).
- S) APR - Annual Percentage Rate. Your APR will vary based on your final loan amount and finance charges. Your actual payments are based on the interest rate, not the APR.
Disclosures
- 039) 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.
- 230) 40-year term must be owner occupied condo or single family purchase or rate and term refinance only (no cash out).