Quote:
Originally Posted by l2ridehd
Is Citizens charging higher interest on new homes? I just closed on a resale and it was 4.5%. I could have gotten 4.0% from them except this is a rental property so had to pay the extra .5%. I closed in 30 days, but that was my choice, not a requirement. I also checked other banks and Citizens was a 1/4 % higher, but so far have been very happy with their service so stayed with them.
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We just closed Dec. 6th and interest through Citizens was 4.375. My understanding is that interest rate is related to your credit score. There were no points involved. It was a 30 day closing.