Citizens South

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Citizens South
245 West Main Avenue
Gastonia, NC 28052-4140
Phone: (704) 868-5200
Fax: (704) 868-2198

•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 (“LTV”) 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.

Organized in Gastonia, NC, in 1904, Citizens South Bank is the oldest continuously existing financial institution chartered in Gaston County.

Citizens South began as Gastonia Mutual Building and Loan Association, an institution with one paid employee in one office in Gastonia. Today, Citizens South Bank has 15 full-service offices in the Charlotte region, including Gaston, Iredell, Rowan, and Union counties in North Carolina, and York County in South Carolina. It has more than $800 million in assets and approximately 60,000 customer accounts. There are more than 160 full-time employees and officers and 12 active bank directors.

2008 Citizens South. All rights reserved