Yale Mortgage Loan Program - Citizens Bank
Yale Mortgage Loan Program | Citizens Bank
| Program Area | Description |
|---|---|
| Down payment Requirement: |
As little as 3 1/2%, for primary residences, 96 1/2% loan-to-value with FHA Mortgage Insurance (100% Financing may also be available through CHFA (Connecticut Housing Finance Authority) |
| Application Fee: | $350 Single Family Mortgages $417,000 and under, $625 Single Family Jumbo Mortgages greater than $417,001.and $525 for Multi-Family. Refinance transactions, add $100 to the above purchase application fees. |
| Appraisal Fee: | $388 (bank pays) |
| Automated Underwriting Fee: | $20 |
| Credit Fee: | $15 |
| 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: | None |
| Closing Document Preparation Fee: | $575 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 are required for Conventional 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: (866) 399-5613 Email:Marylou.Gramesty@citizensbank.com or Jim Marong Phone: (203) 821-2467 Fax: (203) 821-2478 Email: James.Marong@citizensbank.com or Allen Ciociola Phone: (203) 821-2414 Fax: (203) 821-2478 Email: Allen.Ciociola@citizensbank.com |
| New Haven Bank Locations: | CITIZENS BANK of CONNECTICUT 209 Church Street (between Elm and Wall Streets) New Haven, CT 06510 Phone: 203 821-3080 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.
