© Copyright 2015 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).
Citizens Bank corporate headquarters: One Citizens Plaza, Providence, RI 02903
Trust review fees ranging from $85 to $350 apply for properties held in trust.
All accounts, loans, and services are subject to individual approval.
*Home Equity Line of Credit: As of 11/1/2015, our best rates with the employee discount included are as follows:
CT, DE, MA, MI, NH, NJ, OH, PA, RI and VT: Prime minus 0.50 percentage points (2.75% APR) for line amounts of $100,000 or more.
NY: Prime minus 0.01 percentage points (3.24% APR) for line amounts of $100,000 or more.
Obtaining the best rate featured above requires the following criteria to be met:
- A new home equity line of credit application for the amount listed above.
- Line must be in first lien position.
- An initial draw of at least $25,000 at closing.
- Having or opening a Circle Gold Checking® account with an automatic deduction of your home equity line of credit monthly payment.
- A loan-to-value (LTV) of 70% or less.
Variable Annual Percentage Rate (APR) based on The Wall Street Journal "Prime Rate" ("Prime") published on the last business day of the month (3.25% APR as of 10/30/2015). Maximum APR 21%, (18% in NJ and PA). Minimum APR 2.50%.
1- to 4-family owner-occupied properties, condominiums, and 2nd / vacation home owner-occupied properties. Home equity line of credit (HELOC) originated only on properties located in CT, DE, IL, IN, KY, MA, ME, MI, NH, NJ, NY, OH, PA, RI or VT. Property cannot be an investment property, co-op, mobile home or manufactured housing (mobile homes - including those on own land, on permanent foundation, and including single and double wide). Rate and terms may change at any time and vary by property type, state where property is located, loan amount, credit history, lien position, loan-to-value (LTV) ratio, debt-to-income (DTI) ratio, credit score, and draw amount at closing. Subject property ownership for a minimum of six months may be required and not available for homes currently for sale. Homes previously listed for sale must be off the market for at least ninety days prior to application. Property insurance required. Flood insurance may be required. Trust review fees ranging from $85 to $350 apply for properties held in trust. No annual fee first year, then $50 per year. If you pay off the entire balance and close your HELOC before the due date, you may be charged a fee. No pre-payment fee in NJ and PA. Offer not available on CAPPED RATE HOME EQUITY LINE OF CREDIT®. Rates subject to change, and minimum line amounts apply. Please call a Home Loan Originator or see a banker for more details. Draw not required. Interest-only minimum payments required during the 10 year draw period. Principal and interest payments required during the repayment period after the draw period ends. Home equity lines of credit are available in first, second or third lien positions. Third liens are only available if the bank is in second lien position. Consult your tax advisor regarding deductibility of interest.
Rates apply to new accounts and may not be applied to existing accounts. All accounts, loans, and services are subject to individual approval. Offers may be withdrawn without notice.