Ashley Iaconetti and Jared Haibon Welcome Baby No. 2, Son Hayden: 'As Precious as We Always Imagined' tram

Ashley Iaconetti and Jared Haibon are parents again!

The Bachelor alums have welcomed their second baby together, another son, a rep for the couple confirms exclusively to PEOPLE.

"Say hello to Hayden Cruise Haibon. He was born at 2:29 p.m. on July 22, 2024, and weighed 8 lbs., 7 oz. at INOVA Fairfax Hospital," Iaconetti and Haibon tell PEOPLE.

"Baby is healthy and so is Mama! Seeing Dawson meet his little brother for the first time was as precious as we always imagined the moment would be. Dawson is full of love and kept petting Hayden."

When it came time to name their new baby, Haibon said that he and Iaconetti, who has an upcoming partnership with Grubhub celebrating new moms, drew from some of their favorite things to find inspiration.

"We joked about naming him Anakin as I’m a big Star Wars fan and Ashley fan girl-ed over Hayden Christensen as a teen. That sparked the idea for the name Hayden," they share. "It took a while to firmly decide on because of the alliteration with our last name, but ultimately we felt it fit!"

"Finding a boy name we both love was much harder the second time around. We always knew the middle name would be Cruise because we bonded over being Tom Cruise fans while first meeting on Bachelor in Paradise 2. We’ve always loved the passion, determination, and charisma of his characters. We met the man himself last year at the Mission Impossible premiere and his warmth and caring reception for the stories we shared with him further convinced us to use the name."

"We’re so lucky to have Hayden and Dawson in our lives. They both have already given us so much more love in our hearts and as parents, we’re so grateful they are both happy and healthy!" the newly minted parents-of-two tell PEOPLE.

In May, Iaconetti spoke with PEOPLE about how she's been getting ready to welcome her little one, admitting that she was a little bit nervous about adding another baby to her family.

"I think we're obviously a little nervous about how to juggle two," she said. "We are more nervous this time than last time just because you realize how much of a significant lifestyle change it is to have a child."

"And then you're like, Okay, well we just got all this down pat and now how do you throw in a whole other kid? It's just like, how do you go out with a kid? How do you keep your eye on them both in the house at the same time?"

"But I think we're just curious and anxious to see how it is to keep two people alive," Iaconetti shared. "But then I'm a lot less nervous about birth because I was petrified of it the first time around, and now I'm like, oh no."

In January, the couple, who fell in love on Bachelor in Paradise, revealed during an Amazon Live that they were expecting their second baby. Shortly before their big announcement, the couple chatted with PEOPLE about the exciting news.

"We want Dawson to have a sibling," Haibon said at the time of Dawson. "That's very important. Both of us come from families with two kids. So we wanted to give that to Dawson."

"I want that big family dynamic, but man, having so many kids is just so overwhelming," he continued. "So even the idea of a second kid, it's no longer two-on-one where we can play defense against him. Now it's just one-on-one."

Although their son is still a little too young to understand what's going on, the couple said they brought him along for their first doctor's appointment, where they got to see a sonogram.

"I try to teach him, 'Where's the baby? It's in the belly!' " Iaconetti said. "Sometimes I'm like, 'Where's the baby?' And he'll point to his belly. So he doesn't get that it's my belly. He has been extremely, even more so of a mommy's boy since this child has been in my belly."

"So he is already getting jealous," Haibon confirmed.