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Key Features

  • Local Processing
  • Quick Decisions

A Freddie Mac / Fannie Mae Conforming Mortgage allows you to borrow up to 95% of the value of the home. Plus, we will service your loan locally. 

  • Designed for those with a good credit rating and funds for at least 5% down payment plus closing costs
  • Range of terms to choose from
  • Fixed rate available for 15, 20, and 30 years
  • Maximum loan amount of $647,200 on a 1-unit home
  • Minimum down payment:
    • 5% minimum with Private Mortgage Insurance required
    • 20% without Private Mortgage Insurance
  • Acceptable sources for down payments:
    • 5% with PMI must be the borrower's own funds
    • 20% without PMI can include a gift from a family member as long as at least 5% is borrower's own funds
  • Acceptable sources for closing costs:
    • Borrower's own funds
  • Payment options:
    • Automatic transfer from another First Citizens deposit account
  • Coupon book
  • Occupancy:
    • Owner Occupied
    • Can be up to 4 units if owner occupies at least one unit
    • Can be secondary residence