Bank Expands Solutions for Ocean State
Homebuyers
WESTERLY, R.I., June 6, 2023
/PRNewswire/ -- The Washington Trust Company ("Washington
Trust"; "the Bank") today announced that the Bank has recently
enhanced its RI Community Lending Program by
adding two new solutions for potential homeowners in the Ocean
State. In addition to the Bank's "I Luv RI™ Community
Lending Program," Washington Trust now offers the "Buyer's
Advantage™ Program" and the "Home
Opportunity™ Program." These three unique
community lending programs offer flexible product solutions
and 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.
"As the nation's oldest community bank, we've helped generations
of Rhode Islanders achieve home ownership," stated Edward O. "Ned"
Handy, III, Washington Trust Chairman and Chief Executive Officer.
"In these challenging economic times, we want to assure Rhode
Islanders that we are here for them, and our RI Community Lending
Program offer unique, flexible and affordable opportunities for
them to finance the home of their dreams."
Washington Trust has a team of mortgage lenders throughout the
State of Rhode Island who are
available to discuss the RI Community Lending Program and assist
borrowers with their homebuying needs. Washington Trust also has a
dedicated community lending officer, Rosa
Pastor, NMLS #1856938, who provides potential homeowners
with financial education, tools and resources to help get them get
on the path to home ownership. Rosa also works directly with local
community groups, such as One Neighborhood Builders, Neighborworks
Blackstone River Valley, West Elmwood Housing Development
Corporation, and others, to collaborate on RI Community Lending
Program offerings. For more information about Washington Trust's RI
Community Lending Program, contact Rosa at (401) 654-4888.
ABOUT WASHINGTON
TRUST®
Founded in 1800, Washington Trust is the oldest
community bank in the nation and one of the Northeast's premier
financial services companies. Washington Trust offers a full range
of financial services, including commercial banking, mortgage
banking, personal banking and wealth management and trust
services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is
a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ:
WASH). Additional information on Washington Trust can be found at
washtrust.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/washington-trust-announces-enhanced-ri-community-lending-program-301843750.html
SOURCE The Washington Trust Company