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  City National Bank Home Purchase Loans

City National Bank Home Purchase Loans

in Home Purchase Mortgages from City National Bank of Texas · NMLS ID #429921

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City National Bank Home Purchase Loans

Unaffiliated

in Home Purchase Mortgages from City National Bank of Texas · NMLS ID #429921

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Highlights
Loan Amount Up to $1,000,000
Loan Term (Years) 15 - 30 years

City National Bank Home Purchase Loans Review

City National Bank Home Purchase Loans is offered by City National Bank of Texas (NMLS #429921), a bank founded in 1889 and based in Sulphur Springs, TX. City National Bank Home Purchase Loans is available in 1 state across the USA.

City National Bank Home Purchase Loans FAQ

How much can you borrow via City National Bank Home Purchase Loans?

City National Bank Home Purchase Loans allows borrowers to apply for loan amounts of up to $1,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What is the maximum loan term you can get with City National Bank Home Purchase Loans?

City National Bank Home Purchase Loans 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.

Does City National Bank Home Purchase Loans charge a mortgage origination fee?

Yes, City National Bank Home Purchase Loans may charge a loan origination fee.

Does City National Bank Home Purchase Loans charge prepayment fees?

No, City National Bank Home Purchase Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.

What mortgage programs does City National Bank Home Purchase Loans offer?

City National Bank Home Purchase Loans offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does City National Bank Home Purchase Loans allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. City National Bank Home Purchase Loans allows the following property usage types: 

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

  Available in 1 state
Texas
Availabile in all of Texas

Feature Breakdown

No Prepayment Fee
Credit Score Range 600 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Joint Loan Applications Accepted
  • Individual Applications
Minimum Age 18
Property Type
  • Manufactured/Mobile Home
  • Multi-Family Home
  • Single Family Home
  • Townhome
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
Investment
Primary Residence
Loan Amount Up to $1,000,000
Loan Term 15 - 30 years
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs
  • FHA
  • VA
  • Conventional Mortgages

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