PASO Loan Program

Affordable home loans for Low-to-Moderate Income (LMI) borrowers in our communities

Providing Access to Secure Ownership

Centreville Bank is committed to providing affordable access to home loans to all members of our community. Our PASO (Providing Access to Secure Ownership) loan program is designed to allow Low-to-Moderate Income (LMI) borrowers in Rhode Island, Eastern Connecticut and Bristol County, Massachusetts to realize their dreams of homeownership.

How to Qualify

Contact a member of our Residential Lending team today for full details or to learn whether you may qualify for the PASO loan program. Our experienced Mortgage Originators will work with you to understand your finances, assess your lending needs, and walk you through the process of applying for a PASO loan if you are eligible.

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Loan Details



Down Payment



Eligible Property Types

New Centreville Mortgages (cannot be an existing mortgage that is owned or serviced by Centreville Bank). Program applies to purchase or a rate/term refinance (cash out refinance is not allowed) of the borrower(s) primary residence for approved property types in Centreville Banks’ approved lending territory. Approved primary residence properties include the following: Single Unit Principal Residence; 2-4 Units Principal Residence; Warrantable (Condominium/Townhouse) Primary Residence; Planned Unit Development (PUD) Primary Residence.
 



Other Requirements


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