Citizens First Time Homebuyer Program is available for the purchase of an existing home or the construction of a new home. It is available for first-time homebuyers only (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). You have the option of a fixed rate mortgage or an adjustable rate mortgage.

FEATURES

• There is no prepayment penalty.
• Owner-occupied properties only.
• Single Family Residence or Condominium only.
• Minimum required down payment is 20%.
• Rate discount with preauthorized payments from a Citizens checking or savings account.
• Discount on application fee.
• Discount on title fees may apply.

Loan Options

• Fixed Rate Program: 10, 15, 20 & 30 year term
• Adjustable Rate Program: 3 or 5 year ARMs amortized over a 15 or 30 year term

Have more questions? Need help determining your payments or what may work best for you? Try our financial calculators or contact our Customer Service Department for more information at 1-888-226-5237.