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  Citizens Bank Home Equity Loans

Citizens Bank Home Equity Loans

in Home Equity Loans from Citizens Bank

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Citizens Bank Home Equity Loans

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in Home Equity Loans from Citizens Bank

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Highlights
Highlights
Loan Amount Starting at $10,000
APR  (Fixed APR) 5.24% - 7.54%
Loan Term (Years) 10 - 20 years

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 Home Equity Loans is available in 11 states across the USA.

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.

What home equity loan rates does Citizens Bank Home Equity Loans offer?

Citizens Bank Home Equity Loans offers home equity loans with a fixed APR that ranges from 5.24% up to 7.54%.

Remember 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 and 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.

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Availability

  Available in 11 states
  • Connecticut
  • Delaware
  • Massachusetts
  • Michigan
  • New Hampshire
  • New Jersey
  • New Mexico
  • Ohio
  • Pennsylvania
  • Rhode Island
  • Vermont

Feature Breakdown

Credit Score Range 600 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Joint Loan Applications Accepted Co-borrower
Maximum LTV 80%
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Age 18
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Tax Returns
Funding Time Range Starting at 45 days
APR (Fixed APR) 5.24% - 7.54%
Loan Amount Starting at $10,000
Loan Term 10 - 20 years
Interest Rate Types Offered Fixed-Rate Mortgage

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