With a Citizens Lot Loan, you can purchase the perfect lot to build your dream home. We offer competitive rates and terms to make your monthly payment affordable.
FEATURES
There is no prepayment penalty.
You can easily make payments or view your loan activity with Online and Telephone Banking.
You can process payments through Online and Telephone Banking by 6:00 p.m. and receive same-day credit.
5/15 Lot Loan - 5 year balloon amortizing over a 15 year term. The loan matures in five years with a principal balloon payment. Monthly payments are based upon a term of 15 years instead of 5 years. Maximum loan-to-value ratio is 75% of the purchase price or appraised value, whichever is lower.
