When it comes to buying a home, progress equals PASO™
Still think your first home is out of reach? Think again.
We believe that progress is turning your dream of home ownership into a reality.
The Providing Access to Secure Ownership (PASO™) loan is designed to help low-to-moderate income borrowers across Rhode Island and eastern Connecticut purchase or refinance a home.
Whether you are searching for your first home or want to refinance, PASO™ may be right for you.
5.875%
30-Year Fixed Rate
5.966% APR
Increase your buying power in a competitive market with a PASO™ loan.
-
Up to 100% financing available
-
No PMI for eligible borrowers
-
For purchasing or rate and term refinancings
-
For primary residences, including homes of up to 4 units
The Annual Percentage Rate (APR) is fixed for 30 years and is current as of 11/21/2024. 360 monthly payments of $1,183.08 per $200,000 borrowed. The disclosed payment amount does not include taxes and insurance; actual payment amount may be greater. To qualify, borrowers must live in Rhode Island or eastern Connecticut and the purchase property must be an owner-occupied, 1-4 family primary residence located in Rhode Island or Eastern Connecticut. Borrowers also must have a minimum FICO score of 620 and meet the necessary income requirements. 100% financing available for eligible borrowers only. A 3% down payment may be required. Property insurance is required. Flood insurance may be required. Closing Costs apply. Subject to credit approval. Other programs and terms are available. Please contact a Centreville Bank Loan Officer or representative at 401.821.9100 or 800.377.4424 for details.