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Last Updated: 05/07/2025

Citizens Bank Home Equity Loans

in Home Equity Loans from Citizens Bank

Last Updated: 05/07/2025

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Highlights

Credit Score Range

600 - 850

Amount Range

Starting at $10,000

Maximum LTV

80%

Loan Term (Years)

10 - 20

Citizens Bank Home Equity Loans Review

Citizens Bank Home Equity Loans is offered by Citizens Bank , a bank founded in 1828 and based in Providence, RI. Citizens Bank are available in 11 states.

Key Takeaways

Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Maximum LTV. Citizens Bank Home Equity Loans has a maximum loan to value ratio of 80%.
Fair credit accepted. Borrowers with a credit score as low as 600 may qualify for Citizens Bank Home Equity Loans.

Citizens Bank Home Equity Loans Pros & Cons

Pros

Cons

Considers applicants with fair credit.

Charges an origination fee.
Charges prepayment fees.
No co-sign option available.
Only available in 11 states.

Citizens Bank Home Equity Loans FAQ

What are the home equity loan requirements of Citizens Bank Home Equity Loans

This lender's maximum loan to value rate is 80%. That means the total debt secured by the property cannot exceed 80% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $60k.

Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.

What is the estimated funding time for a home loan via Citizens Bank Home Equity Loans?

Citizens Bank Home Equity Loans will typically fund home equity loans within 45 to days of approval.

What fees does Citizens Bank Home Equity Loans charge for a home equity loan?

Citizens Bank Home Equity Loans may charge a loan origination fee

What types of property can you use as security for a home equity loan with Citizens Bank Home Equity Loans?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Citizens Bank Home Equity Loans will consider loans secured by the following property types:

Primary home.
Secondary homes and vacation properties.
Investment properties and house flipping projects.

Is Citizens Bank a legit company?

Citizens Bank was founded in 1828, it is a well-established company that has been in business for 198 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message from Citizens Bank

Whether you need to buy a house, spice up your kitchen or renovate your bathroom, we have the lending options, low rates and personalized advice to help you bring it home. When you're ready for a house for your growing family, Citizens is ready to bring it home with dedicated support to help you get a mortgage. Are you looking for more space?

Contact

Headquarters

1 Citizens Plz

Providence, RI 02903

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