Yale Mortgage Loan Program - Citizens Bank
Yale Mortgage Loan Program | Citizens Bank
|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)
$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|
|Point Savings:||Citizens Bank will wave up to 2 Points Off any Citizens Fixed Rate Mortgage Product
Up to 3/4 of 1 Point Off any Citizens Bank ARM Mortgage Product
|Closing Document Preparation Fee:||$575 document preparation fee paid by applicant|
||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
Phone: (203) 821-2467 Fax: (203) 821-2478
Phone: (203) 821-2414 Fax: (203) 821-2478
|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.