Lending Products

At Citizens Federal buying a home should be a pleasant experience. Whether you are looking to buy your first home, move up to something bigger, build your dream home, or refinance, you can trust us for the finest in personal service, expertise, fast approvals and closings. We look forward to becoming your lender of choice, now and for future financing.

Our experienced loan officers are always happy to explain all the loan options available. The same person will take the loan application, keep you informed during the process and close the loan. Best of all, the same loan officer will be here to answer any questions you may have long after you have moved into your home.

Select a mortgage loan to fit your financial situation. Before you apply for your mortgage loan, you will need to decide which type of loan may be right for you.

· Fixed-Rate Mortgages allow you to make a fixed monthly payment over the life of your loan. It's easier to budget for this type of loan because you have the peace of mind, knowing your payment will never increase. This makes it easier for you to budget and plan for future investments. We offer 15, 20, 30 and 40 year fixed rate mortgages. The rate on a fixed rate loan is usually higher than the rate on an adjustable rate loan.

· Construction Loans - If you plan to build your dream home, a Citizens Federal construction/permanent adjustable rate loan is what you need. The first 12 months the payment is interest only on funds disbursed, then you start your regular monthly payment.

During the 12 month construction period, once the project is complete, you have the option of refinancing to a discounted fixed rate mortgage.

Call one of our loan experts today for complete details on our construction loans before you make your construction plans.

· Is Refinancing Right for You? Generally, it's a good idea for you to consider refinancing whenever the interest rate for mortgages is more than one-percentage point below your present mortgage. Whether you apply with us for a new mortgage to buy the home you want, or to refinance your present mortgage, ask about a Homeowner's Equity Line. It can help you save on fees when you apply, interest when you want to borrow money, and on taxes at the end of the year. For more details, contact one of our mortgage loan officers at 937-593-0015 or email us today.

· Additionally, Citizens Federal offers other types of Mortgage Loan products, such as:
Investor Loans, Home Improvement Loans, Fixed & Adjustable, Home Equity Lines of Credit, Secondary Vacation homes, and Condominium Loans.

See our Mortgage Loan Rates for the latest interest rates and APR's.

Our Assessed Lending area is Logan County but this Association will also consider making loans secured by acceptable real estate in the counties adjacent to Logan County.

Citizens Federal Savings and Loan is locally owned and operated. Therefore we can provide you with fast answers and a quick turn around time from the date of your application to the day of closing. Our loan officers will work with you throughout the whole process and close your loan.

You may apply for a mortgage loan at 110 North Main St., Bellefontaine, Ohio or by calling 937-593-0015 to set up an appointment with Robert W. Munz, Jr., Larry A. Bush, Dottie Skidmore, or Carol Champion.

For Pre-Qualification information call one of our loan officers at 937-593-0015.

To insure your loan application is processed and closed in the shortest time possible, please be able to provide the following information:

· Buying a home - a copy of your Purchase Contract, signed by all buyers and sellers.

· Building a new home - a copy of your plans, specifications and the Contractor's Contract.

· Refinancing your home - you will need your current mortgage balance, interest rate, principal and interest payment, annual real estate taxes, and homeowners insurance amounts.

· W-2 form from your employers and a recent pay stub showing year to date earnings for each applicant.

· Documentation showing the amount of retirement, disability, or social security income received.

· If child support or alimony is to be considered as income, copy of divorce decree and court payment record.

· If self-employed, copies of the last two years personal and business federal signed income tax returns and a year-to-date profit and loss statement and balance sheet.

· Approximate balance, account numbers and institutions name and address on all checking accounts, savings accounts, CD's, 401 K plans, stocks, and mutual funds. Copies of statements of these accounts will be needed.

· If down payment is from the sale of a property, a copy of the HUD 1 settlement statement showing the amount of proceeds. If the sale has not yet occurred, please bring your signed sales contract.

· The names, addresses, and phone numbers of landlords for the last 2 years and the amount of your current rent.

· Complete list of balances, minimum monthly payments, account numbers and addresses on all debts regarding home and equity loans, auto, personal loans, and credit cards.

· Be prepared to bring $200.00 for your application fee to cover part of your closing costs. Call our office at 937-593-0015 for the exact amount.

Citizens Federal enjoys the reputation of having some of the lowest closing costs.

The following is an example of our estimated closing costs:

* Your $200.00 application fee will be applied as a credit toward your closing costs.

For full details on your closing costs call one of our loan officers at 593-0015 or e-mail us.

If you are a homeowner, a home equity loan is a smart way to borrow. You save money because interest rates are generally much lower than on credit cards and other consumer loans. Increasing your savings even more, interest paid on a home equity loan is generally tax deductible (CHECK WITH YOUR TAX ADVISOR).

Citizens Federal offers home equity loans up to 80%, of your home's appraised value. Interest rates and terms vary. All our equity loans enable you to use your home to finance home improvement, debt consolidation, college tuition or even a dream vacation.

Citizens Federal's Fixed Rate & Variable Rate Home Equity Line of Credit is a revolving line of credit that allows you to draw funds as you need them. The funds again become available for you to borrow as you pay down your outstanding balance. Once the account is opened, you can use it just like your checking account. You will receive a checkbook which makes you to access your credit line conveniently to pay off credit card bills or make purchases.

Each month, you will receive a statement showing the advances and payments you have made, the credit line still available, the interest charges incurred and the required monthly payment.

See our Home Equity Rates for our low Home Equity line of credit interest rates.

You can also call one of our loan officers about our low rates or with questions at 937-593-0015 or e-mail us today.

* For full details on our Home Equity Loans contact one of our loan officers at 937-593-0015 or e-mail us.

All Loan Rates are subject to change. For our current rates, please call one of our loan officers at 937-593-0015 or e-mail us.

*APR on fixed rate loans are calculated on 15, 20, 30, and 40 years. ARMS are calculated on 15 and 30 years. The loan amount is $100,000, 80% Loan to Value and does not reflect any remaining days of interest.

ALL OF THE ABOVE RESIDENTIAL LOANS, WITH LESS THAN 20% DOWN, MAY REQUIRE PRIVATE MORTGAGE INSURANCE (PMI.)

Additional loan programs are available for investors, vacant ground, lots, construction-permanent financing, second mortgages, home improvements, and condominiums. Come see us at Citizens Federal Savings & Loan for your mortgage needs.

Citizens Federal Savings & Loan takes pride in the service we provide for our current and future customers.

If you have any questions about the types of Mortgage Loans, interest rates, closing costs, or want to apply for a loan or make an appointment, please contact one of the following loan officers at 937-593-0015 or e-mail one of them today.

Larry A. Bush, Senior Vice-President & Treasurer
Email: labush@citizensfederalsl.com

Dottie L. Skidmore, Assistant Vice-President
Email: dskidmore@citizensfederalsl.com

Carol J. Champion, Assistant Vice-President
Email: cchampion@citizensfederalsl.com

Mortgage Loan Calculator - Calculate your monthly mortgage loan payment.

Mortgage Payment Table Calculator - Compose payments on principal amounts and rates.

If you have any questions about your actual payments or any other loan related item call one of the following loan officers at 937-593-0015 or e-mail them today.

Larry A. Bush, Senior Vice-President & Treasurer
Email: labush@citizensfederalsl.com

Dottie Skidmore, Assistant Vice-President
Email: dskidmore@citizensfederalsl.com

Carol J. Champion, Assistant Vice-President
Email: cchampion@citizensfederalsl.com

Citizens Federal Savings & Loan provides applications for Federal Stafford Loans and Federal Plus Loans.

The Federal Stafford Loans are for the student and the Federal Plus Loans are for the parents. There are subsidized and unsubsidized loans.

Loan Limits:

Dependent undergraduate: 1st year: $2,625 2nd year: $3,500 3rd, 4th, & 5th year: $5,500 Graduate: $8,500

Independent undergraduate & graduate: 1st year: $6,625 2nd year: $7,500 3rd, 4th, & 5th year: $10,500 Graduate: $18,500

For more information call 937-593-0015 or visit Nelnet .