{"id":14883,"date":"2026-10-07T10:36:43","date_gmt":"2026-10-07T14:36:43","guid":{"rendered":"https:\/\/baycoast.bank\/?p=14883"},"modified":"2026-10-28T10:37:30","modified_gmt":"2026-10-28T14:37:30","slug":"baycoast-bank-joins-ri-anchorhome-making-homeownership-affordable","status":"publish","type":"post","link":"https:\/\/baycoast.bank\/pt-pt\/newsroom\/baycoast-bank-joins-ri-anchorhome-making-homeownership-affordable\/","title":{"rendered":"BayCoast Bank Joins RI AnchorHome Making Homeownership Affordable"},"content":{"rendered":"<div class=\"lazyblock-resource-hero-1Bs9Qr wp-block-lazyblock-resource-hero\"><div class=\"noHero\" style=\"height: 10rem;\"><\/div>\n\n<div class=\"spacer\"><\/div>\n\n<div class=\"section\">\n\t<div class=\"smallWrapper gutenberg\">\n\t    \n\t    <div class=\"categories flex\" style=\"justify-content: flex-start;\">\n\t\t\t<div class=\"h6\" style=\"margin-right: 2rem;\"><a href=\"https:\/\/baycoast.bank\/resource\/newsroom\">Newsroom<\/a><\/div>\n\t\t\t\t\t\t\n\t\t\t<div class=\"primaryColor dot h6\" style=\"transform: scale(2.2); \">\u00b7<\/div>\n\n\t\t\t<div class=\"h6\" style=\"margin-left: 2rem;\">\t\t\t\t7 de Outubro, 2026        \n\t\t\t<\/div>\n\t\t<\/div>\n\t    \n\t    <h1 class=\"h2 blue bgWhite\" style=\"max-width: 50rem\">BayCoast Bank Joins RI AnchorHome Making Homeownership Affordable<\/h1>\n\t    \n\t    <hr style=\"margin-bottom: 7rem;\">\n\t  \n\t<\/div>\n\t\n\t<div class=\"wrapper\" style=\"justify-content: center; max-width: 90rem;\">\n\t\t<div style=\"width: 100%; position: relative;\">\n\t\t\t<img decoding=\"async\" src=\"https:\/\/baycoast.bank\/wp-content\/uploads\/2026\/10\/AnchorHome-Logo.jpg\" role=\"img\" aria-label=\"BayCoast Bank Joins RI AnchorHome Making Homeownership Affordable\" style=\"width: 100%; height: auto;\" \/>\n  \t\t<\/div>\n\t<\/div>\n<\/div>\n\n          <\/div>\n\n<div class=\"lazyblock-interior-content-Z3NzHh wp-block-lazyblock-interior-content\"><div class=\"spacer\"><\/div>\n\n<div class=\"section\">\n\t<div class=\"paddedWrapper\">\n\t\t<div class=\"wrapper flex gutenberg\" style=\"justify-content: center;\">\n\n\t\t\t\n\t\t\t<div class=\"smallWrapper gutenberg\">\n\t\t\t\n\t\t\t\t<div class=\"h3\">The program offers financing and stability for the Rhode Island neighborhoods we serve.<\/div>\n\t\t\t  \n\t\t\t  \t<hr style=\"margin-bottom: 5rem;\">\n\t\t\t\t\n\t\t\t\t\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-a8a4b1f\" data-block-id=\"a8a4b1f\"><style>.stk-a8a4b1f {margin-bottom:7px !important;}<\/style><p class=\"stk-block-text__text\"><strong>SWANSEA, MA, PROVIDENCE, RI<\/strong> \u2013 The State of Rhode Island, in partnership with BayCoast Bank, are helping first-time homebuyers take an important step toward homeownership with RI AnchorHome!<br><\/p><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">This innovative program is designed to make purchasing a home more affordable, while strengthening communities across the State of Rhode Island. Eligible first-time homebuyers can access a traditional 30-year fixed-rate mortgage at a lower rate, with no private mortgage insurance (PMI).<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">RI AnchorHome provides a new way to help Rhode Islanders achieve the American Dream while keeping lending decisions at the local level. Through the strategic use of State deposits, RI AnchorHome makes it possible for participating lenders, including BayCoast, to offer more affordable mortgage options without the State acting as the lender.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Key benefits include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Eligible first-time homebuyers purchasing a primary residence in Rhode Island.<\/li>\n\n\n\n<li>Qualifying borrowers receive a low, 3.99% 30-year fixed-rate mortgage<\/li>\n\n\n\n<li>No private mortgage insurance (PMI) is required<\/li>\n\n\n\n<li>Up to 100% LTV Financing<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Maximum purchase price is $525,000 for single-family homes and $575,000 for two-family homes. Warrantable condominiums are also eligible. Household income is capped at 110% of statewide income limits and borrowers may not own other residential properties at the time of closing. Homeownership counseling is required.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe are excited to partner with RI AnchorHome to help make homeownership a reality for more families,\u201d said Marie Pellegrino, President of BayCoast Bank. \u201cBuying your first home is an important milestone. We\u2019re here to help you take that next step with confidence.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe understand that for many first-time buyers, getting the home of their dreams can often feel out of reach,\u201d said Shawn L. Rioux, Co-President of BayCoast Mortgage. \u201cThrough RI AnchorHome, we\u2019re proud to help remove some of those barriers and give more Rhode Islanders the opportunity to put down roots.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cHomeownership has the power to strengthen families and communities for generations,\u201d said Heather Francis, Co-President of BayCoast Mortgage. \u201cRI AnchorHome is creating meaningful opportunities for more Rhode Islanders to take that important step, and we\u2019re proud to be part of a program that invests in their future.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">RI AnchorHome represents an inspired approach to addressing one of the biggest challenges facing aspiring homeowners: affordability. The program aims to help more working Rhode Islanders put down roots, build financial stability and become part of the communities they call home.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Westerly Community Credit Union and Bristol County Savings Bank are also participants in the&nbsp; program.<\/p>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\"><em>*Loans offered through BayCoast Mortgage Company, a wholly-owned subsidiary of BayCoast Bank. For example, a 30-year $525,000 first-lien loan on a primary residence with an interest rate of 3.99% (4.032% APR) as of 10\/1\/2026 will have 360 monthly principal and interest payments of $2,503.40.\u00a0 Payments do not include amounts for taxes and insurance premiums or any applicable HOA fees, and the actual payment obligation will be greater.\u00a0 Example loan reflects a loan-to-value of 100% and a borrower FICO score of 670.\u00a0 All loans are subject to credit approval, RI AnchorHome loan program eligibility, and availability of program funding.\u00a0 Loan terms may vary.\u00a0 Rhode Island Licensed Lender.\u00a0 Equal Housing Opportunity.\u00a0 NMLS # 1082048.<\/em><\/p>\n\n\n\t\t\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n<\/div> <\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The State of Rhode Island, in partnership with BayCoast Bank, are helping first-time homebuyers take an important step toward homeownership with RI AnchorHome!<\/p>\n","protected":false},"author":30,"featured_media":14884,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[194],"class_list":["post-14883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsroom"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/baycoast.bank\/wp-content\/uploads\/2026\/10\/AnchorHome-Logo.jpg",900,483,false],"thumbnail":["https:\/\/baycoast.bank\/wp-content\/uploads\/2026\/10\/AnchorHome-Logo-150x150.jpg",150,150,true],"medium":["https:\/\/baycoast.bank\/wp-content\/uploads\/2026\/10\/AnchorHome-Logo-300x161.jpg",300,161,true],"medium_large":["https:\/\/baycoast.bank\/wp-content\/uploads\/2026\/10\/AnchorHome-Logo-768x412.jpg",768,412,true],"large":["https:\/\/baycoast.bank\/wp-content\/uploads\/2026\/10\/AnchorHome-Logo.jpg",900,483,false],"1536x1536":["https:\/\/baycoast.bank\/wp-content\/uploads\/2026\/10\/AnchorHome-Logo.jpg",900,483,false],"2048x2048":["https:\/\/baycoast.bank\/wp-content\/uploads\/2026\/10\/AnchorHome-Logo.jpg",900,483,false]},"post_excerpt_stackable_v2":"<p>The State of Rhode Island, in partnership with BayCoast Bank, are helping first-time homebuyers take an important step toward homeownership with RI AnchorHome!<\/p>\n","category_list_v2":"<a href=\"https:\/\/baycoast.bank\/pt-pt\/.\/newsroom\/\" rel=\"category tag\">Newsroom<\/a>","author_info_v2":{"name":"BayCoast Marketing","url":"https:\/\/baycoast.bank\/pt-pt\/author\/marketingbaycoastbank-com\/"},"comments_num_v2":"0 comments","publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/baycoast.bank\/pt-pt\/wp-json\/wp\/v2\/posts\/14883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baycoast.bank\/pt-pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baycoast.bank\/pt-pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baycoast.bank\/pt-pt\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/baycoast.bank\/pt-pt\/wp-json\/wp\/v2\/comments?post=14883"}],"version-history":[{"count":1,"href":"https:\/\/baycoast.bank\/pt-pt\/wp-json\/wp\/v2\/posts\/14883\/revisions"}],"predecessor-version":[{"id":14887,"href":"https:\/\/baycoast.bank\/pt-pt\/wp-json\/wp\/v2\/posts\/14883\/revisions\/14887"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/baycoast.bank\/pt-pt\/wp-json\/wp\/v2\/media\/14884"}],"wp:attachment":[{"href":"https:\/\/baycoast.bank\/pt-pt\/wp-json\/wp\/v2\/media?parent=14883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baycoast.bank\/pt-pt\/wp-json\/wp\/v2\/categories?post=14883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}