CREDIT SERVICES (LOANS)
Installment and Consumer LoansHere at Citizens Deposit Bank, we offer a variety of consumer loans that can be used to purchase new or used autos, ATVs, motorcycles, RVs, boats, and even household goods such as a new computer or furniture. We will also finance your upcoming home improvement project or payoff a high rate credit card. You'll enjoy the security of a fixed, competitive interest rate as well as the following additional benefits:
- AFT Advantage
Receive a 0.50% interest rate discount when payments are automatically deducted from a Citizens Deposit Bank checking or savings account - Extended First Payment
If requested, you may wait up to 45 days before your first payment is due - No Prepayment Penalty
You may pay additional principal reductions at any time and/or payoff your loan early, without penalties - Easy Repayment Terms
A variety of terms are offered that will fit your budget
Whether you are purchasing a home or refinancing to consolidate debt, Citizens Deposit Bank has a mortgage loan program that will suit your needs and your budget. We offer a variety of conventional Adjustable Rate Mortgage (ARM) products as well as the following secondary mortgage market loans with available financing up to 103% of the appraised value.
- Fixed Rate Mortgages
Conventional mortgages with low fixed rates and attractive repayment terms - Specialty Programs
FHA, VA, Rural Development Mortgages (up to 102% of the appraised value), 80/20 Mortgages, Home Possible, Alt-A Products, Subprime Mortgage Loans, Second Mortgages, 100% Conventional Financing, and a 103% Conventional Mortgage Program
Residential Construction Loans
Let Citizens Deposit Bank assist in constructing the home of your dreams. Our construction loans allow you to conveniently fund the construction project through various draws lowering the overall interest expense and saving you money. At the time of completion, and upon final approval, you may choose from an assortment of permanent financing programs.
- Interest Only
While under construction, you only pay interest on the amount drawn - Extended Terms
Construction loans are set up for six (6) months. However, if needed, an extension can be granted for a total of twelve (12) months
Put the equity in your home to use! A Home Equity Line of Credit (HELOC) is perfect for home improvement projects, consolidating bills, paying off high rate credit cards, purchasing household goods, college tuition expenses and almost anything you need or want. Also, you can use your HELOC over and over throughout the term. Here are some additional benefits:
- No Fees
No application or closing fees - Low Monthly Payment
Repayment terms are based upon 2% of the outstanding balance or interest only (for qualified applicants) - Potential Tax Savings
Consult your tax advisor regarding the deductibility of interest paid
