*CCP Mortgage Program

• 2.875% fixed interest rate for the first two years
• 4.875% fixed interest rate beginning in 25th month
• 30-year term
• 80% loan to value (“LTV”) ratio based on the lesser of value or cost (75% LTV for jumbo loans)
• 90% LTV ratio with mortgage insurance
• No closing costs
  • Citizens South to waive origination fee, builder to pay all other closing costs including but not limited to commitment fee, appraisal fee, flood, title insurance, attorneys fees, etc
• Construction / Permanent loans are included in the CPP Mortgage program
• Only owner-occupied residential properties are eligible for this program
  • (No second homes or investment properties)
• This program is available exclusively to the buyers of homes and lots currently financed for participating builder and developer customers of Citizens South Bank
• Limited Time Offer

*Mortgage Loan Program: For a $200,000 30-year term loan example with an initial interest rate of 2.875% for the first 24 months and then adjusting to a rate of 4.875% for the remaining term and no closing cost has an Annual Percentage Rate (APR) of 4.554%. Terms of payment are based on initial principal and interest payments of $829.78 per month for the first 24 months then adjusting to $1,044.96 per month on the 25th month for the remaining term. Loan example assumes a loan to value (LTV) of 80% or less on primary residence valued at $250,000. Loans are subject to credit approval.

News Videos
Interview with Citizens South President	Citizens South on MSNBC

 

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