Personal Banking

Let Washington Trust help you realize your dream of homeownership with our I Luv RI™ Community Lending Program:

  • We offer great rates with the security of a 30-year fixed rate mortgage.
  • We are able to share mortgage insurance costs, and customize them to make it affordable for you.
  • We offer a matching downpayment grant of up to 1.5%.*
  • We’ll waive our lender fees.**
  • You’ll receive a closing cost credit of up to $2,500
  • If you’re short on downpayment funds, a Second Mortgage may be available to meet your needs.
  • All I Luv RI Community Lending Program loans are serviced locally.
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Program Requirements

Borrowers must meet the following eligibility requirements to qualify for the I Luv RI™ Community Lending program:

  • Applicant income must be at or below 80% of current Area Median Income, or
  • Property must be located in an eligible census tract.
  • Borrower cannot have an ownership interest in any other real estate at time of closing
  • Primary residence purchase of single-family or two-family property

NMLS #414726; Member FDIC; All loans subject to credit approval. Property must be located in an approved census tract and/or qualified applicant must be at or below 80% of area median income. Borrower(s) must be first-time homebuyers or have no current ownership in any other real estate. Owner-occupied primary residences only. Additional restrictions apply for 2-family residences. *Washington Trust will match up to 1.5% of a 3% downpayment as a non-repaid grant. **Washington Trust will waive the standard underwriting and processing fees.