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Talk to an Expert
Connect with a loan officer to review the program with you.
PASO™
Providing Access to Secure Homeownership (PASO™)* for low-to-moderate income buyers.
Home Financing
Progress Equals PASO™
We believe that progress means 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. Speak with one of our loan officers today to learn about the criteria and whether you qualify.
Program Highlights for Qualified Applicants
- Affordable homeownership opportunities
- Mortgage insurance options available
- Up to 100% financing may be available*
- Available for eligible owner-occupied properties*
Good to Know
- Income and asset restrictions apply
- Availability is limited to certain areas
- Refinance option is available
- Loan officers help you understand the criteria
Getting Started
How to Get Started
A loan officer can walk you through eligibility and next steps.
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Check Eligibility
Review income and asset limits, credit criteria and eligible areas.*
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Move Forward
Start your application once you know the program fits your goals.
Common Questions
PASO™ FAQs
Quick answers about eligibility, credit and where PASO™ is available.
Low-to-moderate income buyers who want to purchase or refinance a home.
Up to 100% financing option is available.
Your loan officer can confirm the specifics for your situation.
Yes. A loan officer can confirm the limits that apply to you.
PASO™ is available throughout Rhode Island and in eligible communities within northeastern and southeastern Connecticut. A loan officer can verify property eligibility*.
Ready to Start?
See if PASO™ fits you
Speak with a loan officer to learn about PASO™ eligibility and whether it fits your goals.
Contact Us
Disclosure:
* PASO™ is available for eligible properties in all RI counties and the northeastern and southeastern CT Planning Regions within the Bank's Assessment Area. Eligible properties include owner-occupied 1-4 unit properties, single-family homes, and eligible condominiums/townhomes (subject to product requirements). A 3% downpayment may be required if eligibility requirements are not met. Property insurance is required. Flood insurance may be required. Closing costs apply. Subject to credit approval. Subject to income and asset restrictions. Other programs and terms are available. Other terms and conditions may apply.