When it's time to borrow, it's important to choose a trusted bank and lender. Someone you can count on to provide smart options and timely responses.
For 130 years, Citizens and Champaign Banks have provided loan solutions for generations of families and we're here to help you, too. Whatever the need, trust our local experts to help you from application to your last payment. To find a lender near you, visit the Meet Our Team section in the left sidebar. For first time loan inquiries, please contact us at LoanInfo@citizensbankco.com .
We offer a variety of loans for you to choose from, including:
- Mortgage Loans
- Home Equity Loans & Lines
- Specialty Loans
- Personal Loans
- Vehicle Loans
- Deposit Secured Loans
- Loan Modification Programs
Shop with confidence. Contact us for a free pre-approval and you'll know the payment you can afford before you start home shopping.
Choose a Fixed Rate or an Adjustable Rate Mortgage (ARM) option.
Refinancing offers opportunities to:
If you are a homeowner today, you may choose to use the equity you've built in your home for additional financing. Your home's equity is the difference between the market value of your home and your mortgage loan balance. Because equity loans and lines of credit are secured by your home, the rates are often lower than other types of financing and the interest may be tax deductible. Consult your tax advisor for more details.
|Home Equity Loans||Home Equity Lines of Credit|
*Home Equity Line of Credit (HELOC) lowest rate is Prime (3.25% Annual Percentage Rate (APR)) as of 2/1/13. Lowest rate includes no closing costs with minimum line advance of $5,000.00 for line up to $100,000; $20,000.00 minimum line advance for lines >$100,000.00 and <=$250,000.00; and minimum line advance of $100,000.00 for lines greater than $250,000.00. Annual fee is $50.00 and is waved with automatic monthly payment deduction from Citizens/Champaign Bank checking account. The APR may vary based on The Wall Street Journal "Prime Rate" (Prime) as published on the first day of the month. Minimum APR is 3.25% and maximum APR is 25.00%. Rate and terms may change at any time and vary by property type, loan amount, credit history, loan-to-value ratio, and advance amount at closing. Property insurance required and flood insurance may be required. Important Consideration when managing Interest-Only Payments: The interest rate on a home equity line of credit is variable; therefore, your monthly interest-only payment may change with market rates. Your principal balance is only reduced when you make voluntary principal payments during the 15 year draw period of your home equity line of credit. At maturity, any remaining account balance outstanding will be due in a single balloon payment. At that time, the bank may, but is not obligated to, refinance the line of credit. Subject to credit and property approval.
We offer a variety of loan programs to serve the unique needs of our community neighbors including:
- FHA, USDA and VA Loans
- Construction to Permanent Financing
- Manufactured Home Loans
- Lot Loans
- Jumbo Loans - for loan amounts in excess of $417,000.00
- Secured and Unsecured loan options
- A variety of terms offered.
- Single Pay Installment Loan Option - used for when a single payment to pay off the borrowed funds is expected within the first 12 months of loan closing.
- Flexible terms.
- A 1/4% loan rate discount when your payment is automatically deducted from your Citizens or Champaign Bank checking or savings account.
- NetTeller™ online banking gives your account access to view your loan balance and make payment transfers
- A great way to establish credit history
- Your loan is secured by the collected balance in your selected Citizens or Champaign Bank deposit account. Choose from a certificate of deposit or savings account.
- The maximum loan amount is equal to the secured deposit.
Do we service your Fannie Mae Mortgage Loan?
Citizens and Champaign Banks comply with requirements related to loans we service that are owned by Fannie Mae.
The Home Affordable Refinance Program (HARP)
If your mortgage balance is greater than what your home is currently worth, you may qualify for the Home Affordable Refinance Program (HARP). For more information, please call us toll-free at 888-645-4121.
The Home Affordable Modification Program (HAMP)
If you're struggling to make payments on your Fannie Mae-owned mortgage payment, then you may be eligible to participate in the Home Affordable Modification Program (HAMP). For more information, please call us toll-free at 888-645-4121 or email HAMPrequest@citizensbankco.com.