Provident Mortgage Loan Center
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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
Click on individual mortgage loan types below for a full description, or click further down to
learn more about our other mortgage-related services:
Want more payment predictability than you would get from a variable rate loan? These "hybrid" loans offer a low rate that stays fixed for three 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.
New! 40 year repayment period
| Mortgage |
Period of
Fixed Rate |
Period of
Adjustable Rate |
Adjustment
Frequency |
| 7/33 |
7 |
33 |
Every 12 months |
| 5/5 |
5 |
35 |
Every 5 years |
| 10/10/10/10 |
10 |
30 |
Every 10 years |
Rates Apply
30 year repayment period
| Mortgage |
Period of
Fixed Rate |
Period of
Adjustable 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 |
Rates Apply
Conforming (loan amount of $417,000 or less)
| Mortgage |
Period of
Fixed Rate |
Period of
Adjustable Rate |
Adjustment
Frequency |
| 3/1 |
3 |
27 |
Every 12 months |
| 5/1 |
5 |
25 |
Every 12 months |
| 7/1 |
7 |
23 |
Every 12 months |
| 10/1 |
10 |
20 |
Every 12 months |
Rates Apply
Up to 95% Financing Available on Fixed/Adjustable Mortgages!
Please call (800) 632-4600, extension 2703 for more details. Some restrictions apply.
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.)
Benefits
- 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.
Movable Mortgages are available for all Fixed/Adjustable Mortgages.
Rates Apply
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 Rates Apply
15-Year Fixed Rate Mortgage Rates Apply
20-Year Fixed Rate Mortgage Rates Apply
30-Year Fixed Rate Mortgage Rates Apply
Fixed Rate Mortgages available for non-owner occupied as well
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
- Fully assumable loan
- Cash-out available on all programs
For more information on apartment building mortgages, E-Mail Us or (800) 632-4600, option 1-2703.
Provident Home Buying Workshop
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 tab above for comprehensive information and calculators to help you plan and understand more about the
mortgage loan process.
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.
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This credit union is federally insured by the National Credit Union Administration (NCUA).
Article: Provident... One of the Strongest Credit Unions in the Country
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