Washington Trust Expands Its RI Community Loan Program with New Home Equity Loans – Washington Trust Bancorp (NASDAQ:WASH)

Offers homeowner discounts in select RI cities and towns.

WESTERLY, Rhode Island, October 1, 2024 /PRNewswire/ — Washington Confidence (“the Bank”) announced today that the Bank recently improved its RI Community Loan Program adding I love RI Home Improvement Loans as home renovation and repair solutions for Rhode Island homeowners.

I Luv RI home improvement loans offer homeowners several flexible loan options up to $50,000 at discounted rates of up to 2%. Loans are available for homes in the following Rhode Island cities and towns: Bristol board, central falls, coventry, craston, Eastern Providence, Johnston, middle city, Newport, Northern Providence, patatucket, Providence, Warwick, West Warwickand Woonsocket.

“As the nation's oldest community bank, we've helped generations of Rhode Islanders achieve homeownership, and we know that homeownership comes with many responsibilities,” said Edward O. “Ned” Handy III, president of the Washington Trust. and General Director. “Keeping your home in good condition is one of them, and our I Luv RI home improvement loans will help homeowners make the necessary renovations and repairs to help them preserve and, in some cases, can help 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 their RI Community Loan Programwhich also includes four unique mortgage options, including the “I Luv RI” option Community Loan Program”, the “Buyer Advantage Program Program”, the “Housing Opportunity Program Program” and the RI Advantage program Program.” These loans offer a variety of financing options, matching funds/grants, and closing cost credits and grants. The Bank also offers lender fee waivers and low or discounted rates on fixed-rate mortgages; and Eligible borrowers may qualify based on income and/or property location.

Washington Trust has a team of community loan officers and mortgage lenders throughout the entire State of Rhode Island who are available to assist residents with their homebuying and homeownership needs, including financial education, tools and resources to help them get on the path to homeownership and 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), and Pawtucket Central Falls Development Corporation, among others, to collaborate on the Community Loan Program of RI. offerings. For more information and loan details about the Washington Trust RI Community Loan Program, call 800-475-2265 or visit www.washtrust.com/ricommunitylending.

ABOUT WASHINGTON TRUST^®
Founded in 1800, Washington Confidence is recognized as the nation's oldest community bank, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast's leading financial services companies. Washington Trust values ​​its role as a community bank and is committed to helping New England people, businesses and organizations 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 complete set of practical digital tools. Washington Trust is a Member FDIC and an Equal Housing Lender. Washington Trust is a subsidiary of Washington Trust Bancorp, Inc.a publicly owned holding company listed 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