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We offer some of the latest mortgage technology tools available like many of those found with nationwide online lenders, but we offer something more. We offer a Mortgage Loan Officer you can see face-to-face, someone you can get to know and trust or talk to at any time. Someone that you know that lives and works in the same community you do. Out of state, online lenders can’t offer that. Lastly, at Community Bank, all of our employees are also owners/stockholders in the bank.
The agent may be able to provide more information regarding the property. Experience a better kind of bank, bringing the best in smart, personalized banking to where you live. Your business needs a banker who knows business inside and out.
Mortgage Options
A mortgage loan payment is made up of two things—a payment toward the principal amount, and a payment toward the interest. Paying these two things off in equal installments over a set time period is called mortgage amortization. When you first start paying off your mortgage, most of the payment is applied to the interest. Over time, your principal payments catch up until your loan is paid off. Make lower payments now and stay protected from high rates later with this type of mortgage loan. Build the home of your dreams with an interest-only construction loan.
A letter of pre-approval identifies you as a serious buyer and can be a good negotiating tool with the seller. A Pre-approval requires an application and a credit report. Usually, employment pay stubs, financial asset statements, and year-end W2 forms are required at this point. For most buyers, we can complete pre-approval within a few hours. Our Mortgage Lenders are happy to help get the financing setup to make your home-buying process more enjoyable.
VA, FHA and USDA Loans
Your credit score measures your credit risk relative to the rest of consumers, based on your credit usage history. Higher credit risk scores can mean lower rates and better loan terms. In 2016, Citizens Bank & Trust partnered with local lender GMFS to provide an even wider variety of home mortgage products. With this partnership, we are able to offer longer terms with very competitive rates. Additional loan products now available through Citizens include Conventional and Government programs such as FHA Loans, VA Loans and USDA .
Submitting an application doesn't mean you're agreeing to a loan. You'll just need to enroll in Online Bill Pay. You can also have your payments drafted each month from your checking or savings account. With a mortgage, the borrower—or homebuyer—agrees to pay back the lender over a specified period of time with interest. The period of time, which is called a mortgage term, can vary from a few years to a few decades. Please refer to our security and privacy statements for additional terms and conditions.
Other Services
After the construction period, easily modify to a standard fixed or adjustable rate mortgage – no second loan closing required. On that page, select the Create Account button located below the Log In button. Even if you have a First Citizens digital banking account, you'll need to create an account for our application system.
We use leading-edge technology to ensure that all customer information is 100% safe. We protect our customers by using a combination of security measures that are among the best in the e-commerce industry. All customer information is encrypted using Secured Socket Layer technology supported with digital certificates provided by Starfield Technologies. This means that your loan application information is safe and secure as it travels over the Internet. We use leading firewall and network security technology to protect our internal computer systems from unauthorized access. Our customers can be confident that their personal information is completely safe and private after they apply.
As owners, and not just employees, we want to provide the very best service to our clients so you will always think of us for any financial need you may have in the future. Most people don't have enough cash to purchase a home outright, which is why mortgages are designed to be paid off over time. Using an amortization schedule, lenders divide the loan balance and the expected interest into a series of regular monthly payments. Part of each mortgage payment goes toward the principal—the original loan balance—and another part goes toward interest.
A mortgage is a type of loan used to buy or refinance a house, plot of land or other real estate property. Most homebuyers get a mortgage to finance the purchase of their home. Buying a home is no small achievement, and the process can look different from family to family. Whether in person or online, mortgage bankers are here to help take care of the details—big and small—so you can focus on celebrating the moments that matter most. With a pre-approval you can focus on the fun part, finding your dream home. Getting a pre-approval with us is free, easy and quick.
We service most of our loans in-house, meaning you call us directly – not a toll-free number – for help and answers. Do I need to get pre-qualified in order to buy a property? If you make an offer that is subject to financing, as the seller CitiMortgage requires that you submit a pre-approval letter from a reputable lender of your choice.
All offers need to be submitted to the listing agent. If you have your own real estate agent, they should submit all offers through the listing agent. The listing agent will submit all offers to Citi for review. You will be linking to another website not owned or operated by Community Bank. The inclusion of any hyperlink does not imply any endorsement, investigation, verification, or monitoring by Community Bank of any information in any hyperlinked site.
Click on the GMFS link below to start a loan application. Know exactly what your monthly payment will be for the next 10, 15, 20, or 30 years when you lock in with a fixed rate mortgage loan. Ensure your monthly payments and interest rate don't change with a fixed-rate mortgage loan.
Then it's time to apply for financing and turn your dream of buying a home into a reality. Save time when you get pre-qualified for a mortgage loan. It will help you estimate how much you can borrow so you can shop homes with confidence. Buying a Citi owned property is a great way to get more for your money. Foreclosed or REO properties are typically priced below their actual market value and offer great incentive for homebuyers.
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