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As Citizens Mortgage has grown, so has our intimate understanding
of the issues relating to property ownership in our northern Sierra Nevada communities. Everything from terrain and ecology to city government
and community concern can intrude on the smooth evolution
of a real estate purchase. Our aim is to protect you
from these bumps in the road and keep the borrowing
process as stress-free as possible. We think that when
you combine the ease of the transaction with the fact
that we give you access to the very best interest rates
in today’s marketplace, the result is a recipe for a satisfied customer.
Home Financing
We offer a variety of mortgage, home equity loan, and home financing to meet your needs. At Citizens Mortgage we’ll be here to help you through the life of your loan.
Purchases
Whether you are in the market for a home, the land on which to build it, or the investment property to build your bottom line, we can provide you with the loan and the interest rate that best suits your specific situation. If you are a first time home-buyer or veteran of the real estate market, you will appreciate the expertise of our loan officers and the ease of every transaction.
Refinancing
Do you want to lower your payments, lower your interest rate or consolidate debt? At Citizens Mortgage we can arrange a refinance of your real estate that will address your immediate needs. At the same time we will make sure that the timing and the terms of any financing are consistent with your long-term goals and financial plan.
Construction Loans
Obtaining a construction loan is just the beginning; the real success of the process depends on coordination of the contractors, the suppliers and the home owner. In addition to providing the funding to build your project, we will provide the needed expertise to keep all the parties, on task and on time. We can also arrange for a loan that makes its own payments while construction is under way.
Home Equity Lines of Credit
A ten-year revolving line of credit is a great way to be prepared for whatever life tosses your way. Take advantage of unexpected opportunities; take refuge from unforeseen emergencies; you might even want to take a vacation. Citizens Bank offers credit lines on your own residence as well as non-owner occupied real estate.
100% Financing
Imagine you’ve found the perfect new house, but your old house hasn't sold yet. For only the closing costs on the loan you can still make your dream come true. Let Citizens Bank show you how a “no-money-down” loan can work to your advantage.
Full Income, Stated Income, and “No Doc” Loans
A traditional Full Income loan demands proof of every penny and generally will get you the very best interest rate. However, with little documentation required, a Stated Income loan can prove much easier with only minimal additional cost to the self-employed or independent contractor. With a good credit score and an acceptable loan to value ratio, it is even possible to obtain a loan with no verification of income at all – a No Doc loan.
Fixed Rates, Adjustable Rates, Interest Only, and Pay Option Loan ARM Programs
Every customer is different, so creativity and flexibility are essential tools for a Citizens Mortgage loan officer. If you plan to stay in your home for a long time, then a 15- or 30-year fixed rate mortgage might be the right choice. If interest rates are volatile, or if you plan to sell in just a few years, an adjustable rate could save you money. If you are purchasing property just for speculation, then an interest only loan would allow for minimum investment on a quick turnaround. A pay option adjustable rate mortgage allows you to customize your payment, with up to four different payment options every month. Your Citizens Mortgage loan officer will help you decide what kind of loan is most beneficial for your circumstances.
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