Mortgage Products

• MORTGAGES: Fixed Rate Mortgage | Adjustable Rate Mortgage | First Time Homebuyer Mortgage | Construction Mortgage
• HOME EQUITY: Fixed Rate Home Equity Loans | Convertible Home Equity Line of Credit

 at our Mortgage Center, where we will give you detailed information, current rates, the ability to apply, and in most cases, receive a decision online.

Looking for the Perfect Home?
First Citizens' can help you get the perfect loan!
We can make it easy for you...to take advantage of the benefits of home ownership, such as having a place to call your own, taking pride in your property and feeling rooted in a community. You will find a wide variety of products, one of which is sure to meet your needs and your budget.

Pre-Approval can make a difference. If you secure pre-approval before making an offer you will be in a stronger position to negotiate, and have an edge over the competition. When you make an offer present our Step One Pre-Qualification Certificate. Or just give us a call and we will mail an application right out to you.

Our Loan Officers... can help you sort out your financial commitments and make it easy for you to determine how much of a mortgage you can afford. We will guide you through the mortgage process, explain the various loan programs, and together review your financial options. This will ensure that you are choosing the mortgage program that is just right for you.

First Time Homebuyer Mortgage
Because First Time Homebuyers are special, we have developed various mortgage programs just for them. Ask us about our no and low down payment options, adjustable interest rates, and relaxed qualifying guidelines. It is easy to apply for a First Time Homebuyer Mortgage with First Citizens'. We are dedicated to making your home ownership dreams a reality.

Fixed Rate Mortgage
The interest rate is fixed and will never change, making it easy to plan for your mortgage expenses. You will know exactly what your principal and interest payments will be for years down the road. Fixed rate mortgage loans are available in a variety of terms. You may choose from various point or no point options whether you are purchasing or refinancing your home. For more detailed information regarding rates and terms please visit our online Mortgage Center or contact a mortgage originator by phone at 1-800-642-7515 or e-mail at mortgages@firstcitizens.org during regular hours.

 to visit our online Mortgage Center.

Adjustable Rate Mortgage
With this type of mortgage loan you will get started at lower payments than most other mortgage options, which may allow you to qualify for a higher loan amount. And, you can decide to lock in your lower rate at the time of application for up to 45 days.

One, three, and five year programs are available, all with various point features, as well as annual and lifetime rate caps that keeps your interest rate protected by limiting the maximum rate you can be charged. Adjustable rate mortgage loans are available whether you are refinancing or purchasing your home.

Construction Mortgage
If you have decided that building your own home is the only way to go, First Citizens' is here to help.

We have many construction loan programs featuring various down payment, point options and interest rate choices. And, you pay interest only on the amounts advanced as you build. Best of all, when your home is complete your construction mortgage automatically converts to a permanent loan, without a second closing.

Making the Most of Your Home Equity
First Citizens' offers a variety of home equity loan programs tailored to meet your individual financial needs. We can make it easy for you to get the right home equity loan, one that is affordable and has the flexibility you want.

You have the ability to apply for as little as $5,000 or as much as $200,000. And, there is never a prepayment penalty on a First Citizens' Home Equity Loan.

Fixed Rate Home Equity
The Fixed Rate Home Equity Loan allows for easy planning and is an attractive way to lock into a low interest rate for the life of the loan. This loan product allows you to borrow a set dollar amount and establish a fixed payment schedule. Your monthly principal and interest payments will never change.

Your interest rate can be locked in at the time of application and is guaranteed for 30 days. We offer terms up to 15 years, very competitive interest rates, and low closing cost options.

Convertible Home Equity Line of Credit
The Convertible Home Equity Line is a unique product that combines various features of both a Home Equity Loan and a Home Equity Line of Credit to better serve your changing financial needs. Plus, there are no closing costs.* Some restrictions may apply. And, new borrowers begin with a special six month fixed rate feature.

Our Equity Line of Credit offers more flexibility and lets you control how much you borrow against your approved credit line. You decide when to borrow, then access your Line of Credit by simply writing a check.

You will receive the same benefits of the Equity Line of Credit account coupled with the advantage of "converting" your adjustable rate to a fixed rate at any time during the term of your loan. The converted outstanding balance can be repaid over a maximum term of ten years, (not to exceed the original term of the loan). **There is no conversion fee to switch your outstanding balance to fixed principal and interest payments.

The interest rate is the Wall Street Journal Prime Rate plus 0% as quoted on the last business day of each month. The maximum Annual Percentage Rate (APR) is 18%. Repayment options during the draw period (up to ten years) include interest only, or interest plus .50% of the outstanding principal balance or $100, whichever is greater. The maximum loan term is 20 years. The line will be assessed an annual maintenance fee of $50.00 which will be waived for the first year.

Ask to speak to one of our loan officers...that is why we are here.

*Some restrictions may apply. Please refer to our Disclosure for more information. It is available upon request by contacting the credit union by telephone.

 to submit an email request for disclosures.

**You will waive your ability to access any unadvanced portion of your credit line should you choose to exercise the conversion option.

Our Mortgage Originators will assist you to:

1) Pre-qualify for a mortgage and determine the amount you can afford.
2) Prepare a budget with a systematic savings plan for a down payment.
3) Understand your credit rights and how to keep a good credit rating.
4) Review the types of mortgage loans, rates, terms and points available.
5) Apply for a mortgage loan that meets your needs.

Debt/Income ratios are meant to be used only as a guide. The Credit Union carefully considers each application on its own merit and a credit determination will only be made after receiving a complete, written application form. If an application is declined by the Credit Union prior to processing an appraisal and credit report, all fees paid with the application will be refunded.

* NOTE:
Terms, loan amounts, products and programs, are subject to revision/ discontinuance without prior notice.