Apply with Patricia Jacobs



Resources

Preferred Realtor & Broker Mortgage Discount Program

Provident Credit Union is pleased to announce our Preferred Realtor & Broker Mortgage Discount Program which offers a 0.125% rate discount on all first mortgage loans.230 Since your firm is such a vital part of the community, Provident would like to partner with you. Together, we can provide your borrowers and office employees with high quality home loans at competitive rates.

What We Can Offer You and Your Clients

POWER Funding Program041

Provident can guarantee all first mortgage loans fund within 10 business days. If we are unable to meet this commitment, your client will receive a $995 rebate.040 Advantages are:

  • It can help your clients’ offers stand out from the rest
  • Sellers are more likely to accept offers from clients who can close quickly

Movable® Mortgage

Online application process
Homebuyers can apply for a mortgage anytime, anywhere and have the option to save a partial application to complete later.

Competitive rates
With our great rates, borrowers may qualify for more than they would with another lender.

Homeowner’s insurance
Provident Plus Insurance Agency094 shops several major insurance carriers in order to find the best plan for each customer.

Our Mortgage Options

Fixed/Adjustable Rate — Portfolio Loans231

Fixed Rate

  • Flexible terms available
  • One-unit Conforming Mortgages up to $806,500; One-unit Super-Conforming Mortgages up to $1,209,750; Super Jumbo Mortgages up to $2.5 million
  • Available for owner-occupied and non-owner-occupied properties

Home Purchase Advantage (HPA) Power 229

Provident’s Home Purchase Advantage (HPA) Power is designed for creditworthy borrowers pursuing higher purchases with minimum down payments with either our fixed or fixed/adjustable loan programs.
  • 3% down loan limit—$1,000,000
  • 5% down loan limit—$1,500,000
  • 10% down loan limit—$2,000,000
  • 15% down loan limit—$2,500,000
  • Home Buyer Education course may be required
  • Non-occupant borrowers may be permitted

Disclosures

  • 040) 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. It is only available to loans with maximum LTV of 80% and 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 1) this date is 10 business days from contract date, 2) we have issued a pre-approval letter on your loan, and 3) we have received your full loan application and all required 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.
     
  • 041) 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.
     
  • 094) Insurance products offered through InsureOne Insurance Services America, LLC (CA Lic #0M04446) Insurance products: 1) are not NCUSIF insured; 2) are not obligations of or guaranteed by the Credit Union or any affiliated entities. Insurance products are not available in all states. Actual policy premium may vary based on driving records, garaging address, vehicle type, insurance coverage selected and other underwriting factors. Other rates, service fees, restrictions and charges may apply.
  • 207) Movable® option is available on 7/23, 30-Year 5/5, 40-Year 5/5, 30-Year 10/10, and 40-Year 10/10 in California only.
  • 229) Adequate property insurance required for the life of the loan. Flood insurance may be required. Private Mortgage Insurance (PMI) required on all mortgages exceeding 80% loan-to-value (LTV). All loans subject to credit approval.
  • 230) The Preferred Realtor & Broker Mortgage Discount Program may be combined with other discount programs but is subject to maximum allowable discounts at the lender’s discretion. Contact your Mortgage Consultant for details.
  • 231) Rates and terms are subject to change without notice. For current rates, refer to the rates page. Adequate property insurance required for life of loan. Flood insurance may be required. Private mortgage insurance (PMI) is required on mortgages that exceed 80% loan-to-value (LTV). All loans subject to credit approval. Other restrictions may apply. ARM (Adjustable Rate Mortgage) loans are variable rate loans; interest rates and payments may increase after consummation.