Home Equity Line of Credit (HELOC) Disclosures

Variable Annual Percentage Rate: Variable Annual Percentage Rate (“APR“) based on The Wall Street Journal Prime Rate ( Prime ) published on the last business day of the month, (#Json=Label_Lookup|Brand=citizensbank|TargetElementType=span|TargetElementId=|Key=PRIME_RATE# APR as of #Json=Label_Lookup|Brand=citizensbank|TargetElementType=span|TargetElementId=|Key=PRIME_RATE_DATE#). Maximum APR 21%. Minimum APR 2.50%. Our best rate, including all rate discounts, cannot be lower than 2.50% APR.

Eligible properties include owner-occupied 1-to 4-family properties, condominiums and second/vacation homes. Ineligible properties include, but are not limited to: investment property (defined as non-owner-occupied property), a co-op, mobile home or manufactured housing. Property must be located in AL, AR, CT, DC, DE, FL, GA, IA, IL, IN, KY, MA, MD, ME, MI, MN, NC, NE, NH, NJ, NY, OH, OK, PA, RI, SC, SD, TN, VA or VT. Rate and terms are subject to change and credit approval. Home equity lines of credit are available in first or second lien positions. Not available for homes currently for sale. Homes previously listed for sale must be off the market for at least 90 days prior to application. Property insurance required. Flood insurance may be required. Citizens offers Home Equity Lines of Credit as low as $17,500, but terms may vary.

Interest-only Payments Disclosure: The interest rate is variable, and the monthly payments will change over the 10 years depending on changes to the Prime Rate. At the end of your 10-year draw period, your balance will be converted to a principal and interest monthly payment with a 15-year repayment period. If you select interest-only payments, at the end of the draw period, even if the interest rate stays the same, your monthly payment will increase, possibly significantly, because you will be required to pay both principal and interest.

Automatic Payment Discount Disclosure: At the time of origination, having a Citizens consumer checking account set up with automatic payment deduction for monthly home equity line of credit payments is required at the time of loan origination to be eligible for the 0.25% rate discount.

Annual Fee Disclosure: No annual fee for the first year, then $50 per year thereafter during the draw period. The Annual Fee is waived for the Citizens Home Equity Line of Credit if you have a Citizens Private Client™, Citizens Private Bank™ or Citizens Quest® Checking account open and active at the anniversary of your Credit Line when the Annual Fee would be assessed. If you do not meet this requirement, the Annual Fee of $50 will be charged to your Credit Line Account.

Fixed Rate Lock Disclosure: During the Draw Period, you may lock some or all of your outstanding principal balance into a fixed ANNUAL PERCENTAGE RATE (each, a “Lock”). Minimum lock amount is $5,000. You may have up to 3 Locks outstanding at any time. The fixed ANNUAL PERCENTAGE RATE on a Lock will likely be higher than the then current variable (adjustable) ANNUAL PERCENTAGE RATE on the variable rate Credit Line balance. Fees and additional conditions may apply. For more information, see your Home Equity Line of Credit Agreement or contact the HELOC Rate Lock Desk at 833.984.1408. Loan officers are available Monday through Friday from 8 am until 5 pm ET.

Average APR Disclosure: Average APR on credit cards per lendingtree.com rate survey as of March 13, 2024. Average APR on personal loans for a credit score of 680 - 719 per Bankrate as of March 13, 2024.

GoalBuilder Disclosure: Citizens GoalBuilder® Home Equity Line of Credit: Borrower income limits and property location restrictions apply.

GoalBuilder and Prime Rate Margin Disclosure: Borrower income limits and property location restrictions apply. The Citizens GoalBuilder® Home Equity Line of Credit margin is “Prime” + 3.25% (#Json=Label_Lookup|Brand=citizensbank|TargetElementType=span|TargetElementId=dropdown|Key=GOALBUILDER_HIGH# APR) or “Prime” + 3.00% (#Json=Label_Lookup|Brand=citizensbank|TargetElementType=span|TargetElementId=dropdown|Key=GOALBUILDER_LOW# APR) for customers with a Citizens consumer checking account set up with automatic payment deduction for monthly home equity line of credit payments at the time of origination.

Eligible Property Disclosure GoalBuilder: Eligible properties include owner-occupied 1- to 4-family properties and condominiums. Ineligible properties include, but are not limited to investment property (defined as non-owner occupied property), a co-op, mobile home, or manufactured housing. Property must be located in AL, AR, CT, DC, DE, FL, GA, IA, IL, IN, KY, MA, MD, ME, MI, MN, NC, NE, NH, NJ, NY, OH, OK, PA, RI, SC, SD, TN, VA or VT. GoalBuilder Home Equity Lines of Credit are available in first or second lien positions. 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. No annual fee. Citizens offers GoalBuilder Home Equity Lines of Credit as low as $5,000 and up to $25,000.

Citizens HELOC Disclosure: Home Equity Lines of Credit are offered and originated by Citizens Bank, N.A. (NMLS ID# 433960) All loans are subject to approval.

Calculator Disclosure: This calculator is intended for informational purposes only and is not intended to provide today's actual rates. Your actual results may vary. Results provided by this calculator are intended for Illustrative purposes only and the accuracy is not guaranteed. This calculator does not assure the availability of or your eligibility for any specific product offered by Citizens or its affiliates, nor does the calculator predict or guarantee the actual rate. You are viewing a third-party created calculator. Citizens assumes no responsibility for, nor does it control, endorse or guarantee any aspect of your use of this calculator.

FICO Disclosure: FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.