Citizens 97

Our Citizens 97 mortgage product is an ideal loan for first-time home buyers.  Specially designed for homebuyers who have limited savings but who have worked hard to establish and maintain a strong credit history.

Criteria:

• Purchase or Refinance
• 95% but not greater than 97% Loan to Value
• 15, 20, and 30 year fixed rate mortgages
• Must be 1-unit, owner occupied primary residence
• 3% down payment -- can be gifted from a related person
• 3% Selling financing concessions to pay discount points, pre-paids or closing costs
• No non-occupant co-borrowers
• PMI Insurance required

Other Benefits:

• Stable Monthly Payments- With a fixed rate mortgage, your monthly principal and interest payments stay the same throughout the life of the loan, so you're protected against any unexpected rate increases.

All loans subject to credit approval, verification, and collateral evaluation.  Initial decision is subject to you meeting specific underwriting requirements and final approval will be based upon your satisfying those requirements.

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