Personal Loans

Residential Real Estate Mortgage Loans

Whether you are building, buying, or refinancing your home, our home mortgage specialists and financial professionals can help…with free pre-qualifying, fast loan approvals and an easy mortgage application process.  Citizens Deposit Bank has a mortgage loan program that will suit your needs and your budget. Let us pull it all together with our flexible repayment terms, competitive rates and excellent service.

  • Conventional Fixed Rate
  • Conventional ARM (Adjustable Rate Mortgage)
  • Conventional Balloons
  • USDA Guaranteed Rural Housing

Residential Construction Loans

When it comes to building a new home we are your expert.  We offer flexible draw schedules and we can tailor the loan to fit your construction needs.  Your loan is set up as a line of credit and you only pay interest on the balance outstanding.  Construction period is typically set up for six months and can be extended if necessary to complete your home. 

Construction End Loan

Upon completion of your new home we will convert your loan to either a conventional fixed rate mortgage or an in-house adjustable rate loan.  Amortization period is from 10 to 30 years, your choice depending on the type of loan you choose.

Recreational Land Loans

Play, fish, hunt, farm, retire, and escape with our recreational land financing.  Whether you are building your dream cabin or your second home, securing a spot to hunt and fish, or an adventurous location to hike and bike, we have the loan for you.  We are the local experts at financing recreational land and we make the process simple and easy.  You can benefit from:

  • Competitive interest rates to save you money
  • Small to unlimited acreage financing
  • Experienced lending professionals to make your financing smooth and quick

Home Equity Lines and Loans

Put the equity in your home to use!  A Home Equity Line of Credit (HELOC) or Second Mortgage loan may provide the solution you have been looking to achieve.  These loans are 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.

Home Equity Line of Credit (HELOC) benefits:

  • Use your HELOC over and over throughout the term
  • No application or closing fees
  • Annual fee of $50.00 is waived the first year
  • Repayment terms are based on 2% of the outstanding balance or interest only (for qualified applicants)
  • Low monthly payment
  • Potential tax savings (consult with your tax advisor regarding the deductibility of interest paid)

Home Equity Loan (Second Mortgage) benefits:

  • Fixed payment amounts up to 60 months
  • Known amortization time for loan
  • Potential tax savings (consult with your tax advisor regarding the deductibility of interest paid)

To answer any of your questions, call one of our mortgage specialists today.

  • John Carpenter, Maysville····· 606-564-8900
  • Marilyn Applegate, Maysville, 606-564-8900
  • Carla Padgett, Brooksville, 606-735-2959
  • Angela Kelsch, Ripley, 937-795-2248
  • Debra Newberry, Aberdeen, 937-795-2248
  • Valerie Grigson, Mt. Olivet, 606-724-5403
  • Diana Prater, Tollesboro, 606-798-6111
  • Marty Cole, Vanceburg, 606-796-1033
  • Glenna Lehn, Garrison, 606-757-4784

Installment and Consumer Loans

We offer a variety of consumer loans that can be used to purchase new or used autos, ATVs, motorcycles, RV’s, boats, and even household goods such as a new computer or refrigerator.  If you have a Citizens Deposit Bank checking or savings account, you can receive a 0.50% interest rate discount when your payments are automatically deducted from your account.  You may choose to wait up to 45 days before the first payment is due and there is no prepayment penalty.  The rate and term depend on what you are financing and your individual credit situation.  Meet with one of our helpful loan representatives to determine the best option for you.