Citizen South
Citizen South
106 West Main Street
Rockwell, NC 28138-8859
Phone: (704) 279-7251
Fax: (704) 279-5830
•2.875% fixed interest rate for the first two years
•4.875% fixed interest rate beginning in 25th month
•30-year term
•80% loan to value (“LTVâ€) ratio based on the lesser of value or cost (75% LTV for jumbo loans)
•90% LTV ratio with mortgage insurance
•No closing costs ◦Citizens South to waive origination fee, builder to pay all other closing costs including but not limited to commitment fee, appraisal fee, flood, title insurance, attorneys fees, etc
•Construction / Permanent loans are included in the CPP Mortgage program
•Only owner-occupied residential properties are eligible for this program
â—¦(No second homes or investment properties)
•This program is available exclusively to the buyers of homes and lots currently financed for participating builder and developer customers of Citizens South Bank
•Limited Time Offer
*Mortgage Loan Program: For a $200,000 30-year term loan example with an initial interest rate of 2.875% for the first 24 months and then adjusting to a rate of 4.875% for the remaining term and no closing cost has an Annual Percentage Rate (APR) of 4.554%. Terms of payment are based on initial principal and interest payments of $829.78 per month for the first 24 months then adjusting to $1,044.96 per month on the 25th month for the remaining term. Loan example assumes a loan to value (LTV) of 80% or less on primary residence valued at $250,000. Loans are subject to credit approval.
2008 Citizens South. All rights reserved
Votes:38
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