Fixed Rate Mortgage

With a Fixed Rate Mortgage, your monthly principal and interest payment remain the same throughout the life of your loan.  Borrowers who want to build equity faster should select the shortest term they can afford.

• No Application Fee
• No prepayment penalty. 
• Terms Available: 10, 15, 20, or 30 years.

Adjustable Rate Mortage (ARM)

An ARM maintains an initial interest rate for 3 or 5 years and can be adjusted every year thereafter based on the applicable index and margin.

• No Application Fee
• Interest rate adjustments are limited to the annual and lifetime ceiling or “rate cap.”
• No prepayment penalty.
• Citizens ARMs are tied to the one-year U.S. Treasury Constant Maturity Index.

First Time Homebuyer Program

Purchasing or building your first home?  Our 1st Time Homebuyer Program is designed for borrowers who have had no ownership interest in a residential property during the three year period preceding the date of purchase.  If a joint application, only one of the borrowers must qualify for first time homebuyer status

• No Application Fee
• Owner-occupied, Single Family Residence or Condominium only.
• Fixed or Adjustable Rate Mortgage.
• Up to 95% financing available*.
• No prepayment penalty.  
• Title fees may apply.

*PMI may be required for first mortgages of greater than 80% financing.