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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
Credit Score Range 600 - 850

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.

Key Takeaways
  • 3 different mortgage programs offered. City National Bank Home Purchase Loans offers FHA, VA, conforming, and conventional mortgages.
  • Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
  • Standard interest rates types. City National Bank Home Purchase Loans offers adjustable-rate mortgages and fixed-rate mortgages.
  • Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Fair credit accepted. Borrowers with a credit score as low as 600 may qualify for City National Bank Home Purchase Loans.
City National Bank Home Purchase Loans Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Offers financing for single family, multi-family, and manufactured homes.
  • Charges an origination fee.
  • Only available in 1 state.
City National Bank Home Purchase Loans FAQ

How much can you borrow via City National Bank of Texas?

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.

What mortgage rates does City National Bank of Texas 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.

Does City National Bank Home Purchase Loans charge an application fee?

Do they charge mortgage origination fees?

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

Do they charge prepayment fees?

No, there are prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.

What mortgage programs are available?

Besides conventional mortgages, City National Bank Home Purchase Loans offers the following mortgage types:

  • FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.

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

What is the customer service phone number?

The customer service number for this business card is (833) 501-8764.

What is the support contact email?

The support contact email for this business credit card is info@cnbt.bank.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:00pm
  • Tuesday 8:00am - 5:00pm
  • Wednesday 8:00am - 5:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday Closed

Other Services by City National Bank of Texas

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

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