Yale Mortgage Loan Program - Citizens Bank
Yale Mortgage Loan Program | Citizens Bank
| Program Area | Description |
|---|---|
| Down payment Requirement: |
As little as 3%, for primary residences, 97% loan-to-value with Private Mortgage Insurance (100% Financing on 1-2 family homes may also be available) |
| Application Fee: | $325 Single Family Mortgages under $417,000 and $600 Single Family Jumbo Mortgages $417,00 and up / $500 Multi-Family |
| Appraisal Fee: | None |
| Credit Fee: | None |
| Point Savings: | Citizens Bank will wave up to 2 Points Off any Citizens Fixed Rate Mortgage Product OR Up to 3/4 of 1 Point Off any Citizens Bank ARM Mortgage Product |
| Commitment Fee: | Various Standard Bank Options (Points) |
| Closing Document Preparation Fee: | $275 document preparation fee paid by applicant |
| Special Requirements: |
Participants must open any two Citizens Bank accounts (i.e., Checking, Visa, Savings, MasterCard, etc.) and Pre-authorize monthly debit of their monthly mortgage payments from a Citizens checking account. |
| Yale Mortgage Program Exclusions: | Discounts above do not apply to promotional offers or special programs including CHFA (These programs are already discounted.) |
| Other Available Mortgage Programs: |
Higher down payments may be required for Construction, Renovation, and Jumbo. Call for details. |
| For additional information or current mortgage rates, contact the following: |
Mary Lou Gramesty Phone: (203) 821-2468 Fax: (203) 821-2478 Email:Marylou.Gramesty@citizensbank.com or Jim Marong Phone: (203) 821-2467 Fax: (203) 821-2478 Email: James.Marong@citizensbank.com |
| New Haven Bank Locations: | CITIZENS BANK of CONNECTICUT 209 Church Street (between Elm and Wall Streets) New Haven, CT 06510 Phone: 203 821-2470 Fax: 203 821-2478 |
For specific details and current mortgage rates, contact a Yale University Bank Mortgage Counselor at the telephone number(s) or email addresses provided above.
Citizens Bank products & services.
These offers are subject to change without notice.
