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There are many reasons you may need some extra money and Citizens Bank has the products to fit your needs. Whether you're looking to buy or build a new home, purchase a new vehicle, or expand your business, we're here to help. Talk to one of our loan officers to see what we can do for you. 

*Under the USA Patriot Act Section 326, banks are required to obtain certain verifying information about customers.  Please refer to our home page or privacy policy page for details about what information will be required to open a new account with us.

What type of motor vehicles will we finance?
Our automobile program covers virtually any type of car or truck. We will finance new vehicles and previously owned vehicles up to 6 years old. Certain high value vehicles over 6 years old may be considered. 

How much can I borrow?
We generally require that you fund a minimum of 20% (including trade-in) of the purchase price of new vehicles and a minimum of 20%-30% (including trade-in) for used vehicles (subject to credit qualification).

What is the interest rate for car loans?
Interest rates for motor vehicles are fixed for the term of your loan. The specific interest rate that will apply to your loan will depend on an evaluation of your loan request. To find out what your interest rate will be, simply call us at 1-319-462-3561 or 1-563-886-2136.

What will my payments be?
Your payment amount depends on the amount you borrow, the interest rate, and the number of months you take to pay your loan. Our new auto loans are available for terms of up to 60 months. Previously owned vehicles have terms up to 48 months generally. Our calculator can give you an estimate of what your payments will be. 

Where can I get a vehicle loan?
Auto loans are available through our Anamosa and Tipton Iowa locations.

How do I apply or get pre-approved?
If you live in the Anamosa or Tipton, Iowa area stop by for an application or you may call us at 1-319-462-3561 or 1-563-886-2136. Once your motor vehicle application has been reviewed, you may need to provide us with a few other documents to complete the loan. These documents may include:

• Title to your vehicle
• Evidence of property insurance on your vehicle

Regardless of where you live, you are likely to find many different organizations eager to consider your request for a home loan. While you will naturally be concerned with interest rates and other important terms, deciding which financial move is right for you should be your first consideration. We at Citizens Bank can help you with your decision, Here is some information to aid in making an informative choice. 

Different Types of Home Loans
Mortgage loan types differ from lender to lender. However, most lenders offer loans in these two categories: Fixed-Rate Loans and Adjustable-Rate Mortgages. To speak to a loan officer, call 1-319-462-3561 or 1-563-886-2136.

Fixed Rate Mortgages
Our fixed-rate mortgages feature different interest rates and monthly payments that remain steady throughout the term of the mortgage. That way you can enjoy both the safety and the security of a mortgage immune to fluctuating rates. 

Long-Term Fixed-Rate
This loan gives you the lowest possible fixed monthly payment.

• Larger interest deductions
• Lower monthly payment

Medium-Term Fixed-Rate
This loan provides the same security, steady interest rates and monthly payments while helping you pay for your home in less time.

• A shorter loan maturity
• Faster equity build-up
• Lower interest costs

Adjustable-Rate Mortgages
Citizens Bank's Adjustable-Rate Mortgages (ARM) change as prevailing yields on U.S. Treasury Securities change and reflect competitive costs of borrowing money. Generally speaking, when interest rates go up, your monthly payments go up; when interest rates go down, so do your monthly payments. 

Perhaps the biggest advantage of our adjustable-rate mortgages is that your initial interest rate and monthly payment are usually lower than through other financing options. In addition, we limit the amount of rate increases not only at review time, but also with a low lifetime rate cap. 

1/1 Year ARM

• Initial Rate fixed for one year, adjusting each following year.
• Maximum annual adjustment is 1%. Lifetime cap is 6%

3/3 Year ARM

• Initial rate fixed for three years, adjusting each 3 year term thereafter.
• Maximum term adjustment is 2%. Lifetime cap is 6%.

5/5 Year ARM

• Initial Rate for five years, adjusting each 5 year term thereafter.
• Maximum term adjustment is 3%. Lifetime cap is 6%.

To speak with a loan officer, call 1-319-462-3561 or 1-563-886-2136 or send us an email to let us know you'd like us to contact you.

What is a Home Equity Loan and what are its benefits?
If you are a homeowner, a home equity loan or credit line can be one of the best ways for you to borrow. Because it is secured by your home, interest rates are lower than most types of consumer loans. And the interest you pay on a home equity loan may be tax deductible. (Ask your tax advisor for details.)

What are good uses for Home Equity credit?
It is ideal for home improvements, larger purchases (cars, boats, RV's), educational expenses, vacations, or even consolidating your debts into one low monthly payment. 

Should I get a home equity loan or home equity line of credit? 
We offer both home equity loans and home equity lines of credit to meet the many needs of our customers. Our loan staff will help you determine what is best for you. 

Is it better to get a home equity loan or refinance my first mortgage?
Adding to your first mortgage by refinancing your home is an alternative to getting a home equity loan. However, it is usually quicker to get a home equity loan. And home equity loan closing costs are often quite lower than those for a first mortgage loan. But if interest rates are 2% or more below the rate you are paying on your current first mortgage loan, you may want to consider refinancing. Also, a first mortgage refinance may give you a longer repayment term for your loan, giving you a lower payment amount than a home equity loan. 

Where can I get a Citizens Bank Home Equity Loan or Credit?
If you own a home in the Anamosa or Tipton, Iowa area, simply call 1-319-462-3561 or 1-563-886-2136 and speak to one of our loan officers or send us an email to let us know you'd like us to contact you.

Being located in Eastern Iowa we specialize in agricultural lending. We'll be glad to work with you in financing your farming operation. 

What type of Business Loans are available?
We offer Eastern Iowa small to large business owners loans for equipment purchases or operating lines of credit. Being a Small Business Certified Lender allows us to make small business financing even easier. 

What is the Interest Rate for Business loans?
The interest rate on a business loan is a variable rate tied to the Prime Rate published in the Wall Street Journal, plus a margin. The specific interest rate that will apply to your account will depend on evaluation of your credit application. 

Where can I find out more?
Our commercial lenders are ready to work with you to determine which financing is best for you and customize it to meet your needs. Simply call us at 1-319-462-3561 or 1-563-886-2136 or send us an email to let us know you'd like us to contact you.

What is Personal Reserve? 
Subject to credit approval, Personal Reserve enables you to avoid overdrafts on your Citizens Bank checking account. It is a credit line attached to your checking account, available when you need it. 

What is the limit on a credit line?
We have four levels of credit lines, ranging from $500 to $5000. Your request will be evaluated to determine which level you are eligible for. 

What are the repayment terms?
Payments of up to 5% of the outstanding balance are automatically deducted from your checking account monthly. You may pay off the balance on the credit at any time. 

What is the interest rate on my line of credit?
The interest rate charged is a fixed annual percentage rate that is determined by the amount of credit line extended. 

Is there an annual fee for my credit line?
There is no annual fee for having a personal reserve credit line with Citizens Bank.

How do I apply for a credit line?
Contact us at 1-319-462-3561 or 1-563-886-2136 for more information on obtaining a credit line for your Citizens Bank checking account. You may also send us an email requesting additional information.

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Anamosa: PO Box 137 • 215 East Main • Anamosa, IA 52205 • 319-462-3561• Fax 319-462-2209
Tipton: PO Box 427 • 427 Cedar St. • Tipton, IA 52772 • 563-886-2136 • Fax 563-886-3936