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Last Updated: 04/18/2025

Citizens Bank Home Mortgage

in Home Mortgage Loans from Citizens Bank

Last Updated: 04/18/2025

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Highlights

Credit Score Range

600 - 850

Amount Range

Starting at $50,000

Loan Term (Years)

15 - 30

Citizens Bank Home Mortgage Review

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

Key Takeaways

Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
Standard interest rates types. Citizens Bank Home Mortgage offers adjustable-rate mortgages and fixed-rate mortgages.
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 Mortgage 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 Mortgage.

Citizens Bank Home Mortgage 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 FAQ

What is the maximum loan term you can get with Citizens Bank?

Citizens Bank offers mortgages with terms ranging from 15 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does Citizens Bank offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

What is the estimated funding time?

Citizens Bank will typically fund mortgages within 45 and days of approval.

Do they charge mortgage origination fees?

Yes, Citizens Bank may charge a loan origination fee .

What property usage types does Citizens Bank allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Citizens Bank allows the following property usage types:

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

What is the customer service phone number?

The customer service number for Citizens Bank Home Mortgage is (877) 360-2472.

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Contact

Headquarters

1 Citizens Plz

Providence, RI 02903

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