Mortgages

Buy or refinance with us

Whether you’re purchasing your first home or want to refinance your existing loan, Provident Credit Union has home financing options to fit your needs.

View individual mortgage loan types below for more information and additional mortgage related services.

Fixed Rate Mortgages

This type of loan appeals to the more conservative borrower, or those who are certain they will not move or want to refinance for many years. This loan option 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 remain unchanged. Additionally, we offer 15 and 20-year terms.

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

Fixed Rate Mortgages available for non-owner occupied as well. 

Features

  • Fixed rate for the term of the loan
  • Multiple term options available
  • Principle and interest payments remain fixed for the life of the loan

Fixed/Adjustable Mortgages

These loans offer a low rate that stays fixed for five to ten years, then converts to an adjustable rate. This may make the difference in being able to afford your first home or upgrade to a bigger home, without giving up the security of a fixed payment during the first years of the mortgage.
 
We’re here to answer your questions and help you understand your options. Call (800) 632-4600, option 1-2703.
 

Mortgage Period of Fixed Rate Period of Adj. Rate Adjustment Frequency
7/23 7 23 Every 12 Months
5/5 5 25 Every 5 Years
10/10/10 10 20 Every 10 Years

Features

  • Interest rate may change during the life of the loan
  • Monthly payments may increase or decrease based on interest rate changes

Moveable Mortgages

With a Provident Movable Mortgage®, you can secure today’s low interest rate and take it with you when you move. Our 7/23, 5/5, and 10/10/10 home loans allow you to transfer your rate to the next home you buy.

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!

Features:

  • Available for all Fixed/Adjustable Mortgages
  • Take your rate with you when you move
  • No upfront rate differential or fees and Moveable Mortgage Option is ½ of 1% (.5%) of unpaid principal balance at time member exercises moveability

Apartment Building Mortgages

Consider the advantages of financing your apartment building with Provident -- up to $4 million for 5-36 units:

Features:

  • 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.

POWER Funding 10-Day Guarantee

Close your purchase in 10 business days or less, guaranteed.039

Power Funding is a guarantee that Provident can close your home purchase within 10 business days. If Provident is unable to meet this commitment, you’ll receive a $995 rebate.040

Guarantee Period

The guaranteed funding period starts when Provident receives the following items:
  • Full loan application

  • Credit Package 042

  • Deposit


The guaranteed funding period ends when your loan is funded.

Mortgage Loans That Match Your Dreams

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