Provident Bank | Locations-Bank | Locations-Lending | Contact Us | Employment | SiteMap  
Provident Logo and link to home page
graphic for left spacer MyProvident Online Banking graphic for right spacer


 Graphic Lock Image for Secure Site Signon
Forgot ID/Password?
Not Enrolled?
Enroll Now
PERSONAL BANKING
BUSINESS BANKING
LENDING SERVICES
INVESTMENTS
RETIREMENT
MAIN PAGE
Loan Programs/Disclosures
FRB/HUD Consumer Mtg Booklets
Home Purchase
Refinance
Apply Online
Tools: Doc Viewer
Calculators
About Us
Retail Locations
CORPORATE INFORMATION

Provident Bank
3756 Central Avenue
Riverside, CA 92506
Phone:  (951) 686-6060





Graphic Link to Security Center
• LOAN PROGRAMS  
Graphic spacer
PBM Loan Program Disclosures
Elite Conforming Disclosure CM52, 72
 
Deluxe Conforming Disclosure CM50, 70, 10
 
FHA5_1 ARM Disclosure
 
 

Loan Programs

   Advantages

   Disadvantages

 
Fixed Rate Mortgages
30 year fixed
15 year fixed
  • Monthly payments are fixed over the life of the loan
  • Interest rate does not change
  • Protected if rates go up
  • May be able to refinance if rates go down
  • Higher interest rate



  • Higher mortgage payments


  • Rate does not drop if interest rates improve
Adjustable Rate Mortgages
10/1 ARM
7/1 ARM
5/1 ARM
  • Lower initial monthly payment
  • Lower payment over a shorter period of time
  • Rates and payments may go down if rates improve
  • More risk


  • Payments may increase over time


  • Potential for high payments if rates go up
First Time Buyer Programs
 
  • Lower down payment


  • May qualify for down payment assistance programs
  • May be subject to income and property value limitations
  • Some programs which have government subsidies may have a recapture tax if you sell the house too early.

 

This is not an offer for an extension of credit or a commitment to lend. All applications are subject to borrower and property underwriting approval. Not all applicants will qualify. All loan products and terms are subject to change without notice. Provident Savings Bank, F.S.B.
Graphic for Member FDIC Logo
Home | About Us | Contact Us
(951) 686-6060 | Copyright 2010-2016 Provident Bank. All Rights Reserved. | Privacy Policy
NMLS ID# 449980
Graphic for Equal Housing Lender Logo