Personal Banking

Affordable Housing

Strengthening communities through our commitment to home ownership

Washington Trust is committed to making the dream of home ownership a reality for our neighbors. We offer several affordable housing programs and options to help homebuyers. Speak with a Washington Trust mortgage loan officer, who can tell you about programs to meet your specific needs.


First-Time Homebuyer Programs

We have a variety of loan programs designed to help first-time homebuyers afford the home of their dreams, and Washington Trust will guide you through the process every step of the way.

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HARP Loans

A HARP loan gives homeowners an opportunity to make their payments more affordable. HARP enables borrowers with little or no equity to refinance into more affordable mortgages without new or additional mortgage insurance.

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Fannie Mae HomeReady

HomeReady mortgage allows co-borrowers who don’t live in the home to be included on the mortgage, such as parents or others who want to help. And, extended family or other household members’ income can help you qualify—even if they aren’t on the mortgage. This program is ideal for home buyers with limited savings, and the down payment and closing costs can be paid from sources other than your own funds.

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Freddie Mac Home Possible

Home Possible is designed to provide more flexible homeownership financing for borrowers. It allows as little as 3% down payment, and these funds can come from a gift or as part of an approved community down payment assistance program.

Rhode Island Housing

Rhode Island Housing offers below-market-interest-rate mortgages though Washington Trust. Our mortgage experts can provide all the details and help you determine whether a Rhode Island Housing Loan suits your needs.

Massachusetts Housing

Massachusetts Housing provides beneficial programs for our Massachusetts homebuyers. They offer a unique blend of low down payment financing and a variety of PMI options to provide homebuyers with low cost options.

I Luv RI Community Lending Program

Washington Trust's I Luv RI™ Community Lending Program may help you realize your dream of homeownership.

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Additional Resources

More information and additional resources can be found here: