Manufactured & Modular Financing Programs
First Time Home Buyers
Citizens Bank’s first-time home buyer program is available to residents who have not owned a home in the previous three years or who have never owned a home. The property must be an owner occupied single family unit; manufactured or modular housing is eligible as long as you own the lot it is placed on.
Below are the First-Time Home Buyer Program features that help you get into your new home more easily:
- 10% cash down*
- $749 origination fee to cover appraiser, attorney, credit report, recording fees and flood determination expenses
- No PMI (Private Mortgage Insurance) required
- .25% rate discount with an auto debit loan payment from a Citizens Bank checking account
- Select a fixed or adjustable rate mortgage that works with your budget
*Assistance with the down payment may be provided to qualified applicants through a program with the Home Ownership Center in Elkins. Contact one of our mortgage lenders for details.
Low Rate Loans
Citizens Bank offers 1, 3, 5, and 7 year low-rate adjustable mortgages (ARMs) with flexible maturity options. Adjustable rate mortgages are available for manufactured or modular homes affixed to permanent foundations.
You may earn a discount on the rate by having your payment automatically deducted from a Citizens Bank checking or savings account. Contact a personal banker for details.