Offers discounts for homeowners in select
RI cities and towns
WESTERLY, R.I., Oct. 1, 2024
/PRNewswire/ -- Washington Trust ("the Bank") today announced the
Bank recently enhanced its RI Community Lending Program by
adding I Luv RI™ Home Improvement Loans as
home renovation and repair solutions for Rhode Island homeowners.
The I Luv RI Home Improvement Loans offer homeowners several
flexible loan options of up to $50,000 at rates discounted up to 2%. The loans
are available on homes in the following Rhode Island cities and towns: Bristol, Central
Falls, Coventry,
Cranston, East Providence, Johnston, Middletown, Newport, North
Providence, Pawtucket,
Providence, Warwick, West
Warwick, and Woonsocket.
"As the nation's oldest community bank, we've helped generations
of Rhode Islanders achieve home ownership, and we know there are a
lot of responsibilities that come with owning a home," stated
Edward O. "Ned" Handy III, Washington Trust Chairman and Chief
Executive Officer. "Keeping your home well maintained is one of
them, and our I Luv RI Home Improvement loans will help homeowners
make necessary renovations and repairs to help them retain, and in
some cases, may help to increase the value of their homes."
Washington Trust recently hosted a special education event for
Rhode Island real estate
professionals to ensure their clients are informed about the
expansion of its RI Community Lending Program, which also includes
four unique mortgage options, including the "I Luv
RI™ Community Lending Program," the "Buyer's
Advantage™ Program," the "Home
Opportunity™ Program," and the RI
Advantage™ Program." These loans offer a variety of
financing options, matching funds/grants, and closing cost credits
and grants. The Bank also offers waived lender fees and low or
discounted rates on fixed rate mortgages; and eligible borrowers
may qualify by income and/or property location.
Washington Trust has a team of community lending officers and
mortgage lenders throughout the State of
Rhode Island who are available to assist residents with
their homebuying and homeownership needs, including financial
education, tools and resources to help get them get on the path to
home ownership, and to become successful homeowners. Washington
Trust works directly with local community groups, such as One
Neighborhood Builders, NeighborWorks Blackstone River Valley, West
Elmwood Housing Development Corporation, SWAP (Stop Wasting
Abandoned Property) & Pawtucket Central Falls Development
Corporation, and others, to collaborate on RI Community Lending
Program offerings. For more information and loan details about
Washington Trust RI Community Lending Program, call 800-475-2265 or
visit www.washtrust.com/ricommunitylending.
ABOUT WASHINGTON
TRUST®
Founded in 1800, Washington
Trust is recognized as the oldest community bank in the
nation, the largest state-chartered bank headquartered in
Rhode Island and one of the
Northeast's premier financial services companies. Washington Trust
values its role as a community bank and is committed to helping the
people, businesses, and organizations of New England improve their
financial lives. The Bank offers a wide range of commercial
banking, mortgage banking, personal
banking and wealth management services through its
offices in Rhode Island,
Connecticut and
Massachusetts and a full suite of convenient digital tools.
Washington Trust is a member of the FDIC and an equal housing
lender. Washington Trust is a subsidiary of Washington Trust
Bancorp, Inc., a publicly-owned holding company which trades on
NASDAQ: WASH. For more information, visit the Bank's website
at www.washtrust.com or the Corporation's website at
ir.washtrust.com.
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SOURCE The Washington Trust Company
