© Copyright 2014 Citizens Financial Group, Inc. All rights reserved.
Citizens Bank is a brand name of Citizens Bank, N.A. (NMLS ID# 433960) and Citizens Bank of Pennsylvania (NMLS ID# 522615).
Rates are subject to change. Rates apply to new accounts and may not be applied to existing accounts.
Mortgages are offered and originated by RBS Citizens, N.A. (NMLS ID# 433960).
ON-TIME PURCHASE CLOSING GUARANTEE
We’ll close your purchase loan when you need to – in at least 30 calendar days after loan application or we’ll give you a $500 check.*
*Terms and Conditions:
Apply and qualify for a first lien mortgage from RBS Citizens, N.A. Completed application must be submitted on or after May 1, 2014. Offer not valid for refinance loans, condos requiring a full project review, co-ops, construction-to-permanent loans, second homes or investment properties, short sales or foreclosures, properties held in trusts, home equity loans or lines of credit, Housing Finance Bonds, grants and/or down payment assistance programs, or loans that require subordination of a second lien. Not available in the following New York counties - Suffolk, Nassau, New York, Queens, Richmond, Bronx, Kings, Westchester. 1/8% Circle Gold Mortgage Advantage® interest rate discount is available with the On-time Purchase Closing Guarantee. All other promotions and discount offers are excluded from this offer.
The $500 will be paid via check within 30 calendar days after loan closing and may be taxable income. Applicants should consult a tax advisor. RBS Citizens, N.A. may issue an IRS form 1099-MISC.
The closing offer is available if the applicant:
-Provides RBS Citizens, N.A. with a copy of the original, fully-executed purchase and sales agreement that shows evidence of a contract at time of application.
-Submits an application with a minimum of 30 days to the purchase contract closing date.
-Provides all required documentation (checklist, commitment letter and items as required by the additional needs letter) and any applicable upfront fees within required time frames.
-Completes all requirements and conditions of loan underwriting approval at least five (5) business days prior to the contract closing date.
The $500 is unavailable if:
-The applicant changes the loan product(s) and/or terms from those which were originally applied for, thereby causing a re-disclosure to meet regulatory requirements.
-The applicant’s portfolio loan requires an exception to standard underwriting guidelines.
-Applicable law imposes a mandatory waiting period prior to closing and that waiting period prohibits RBS Citizens, N.A. from closing by the contract closing date.
-The closing does not occur on the contract closing date due to delays attributable to third parties such as a lack of certificate of occupancy, unresolved title issues, etc., or if the seller or purchaser extend the closing date.
-The closing does not occur on the contract closing date due to events outside the control of RBS Citizens, N.A., including inclement weather, natural disaster, catastrophic event, acts of terrorism or other public emergency beyond the control of RBS Citizens, N.A.
-RBS Citizens, N.A. reserves the right to terminate the program.