How does the loan application process work?

After you choose the financing that fits your needs, we will ask you some questions. We'll ask you to tell us about yourself (and about a co-applicant if there is one). We need to know where you and your co-applicant work and will ask about your income, your assets, your debts, and any payments you are making. There may be some additional information required, such as valid identification, evidence of employment, tax returns, automobile title, property tax notice, or trust documents. Rest assured, this process is quick and we will walk you through every step. 

How long does the application process take?

The loan application is very quick. Depending on the type of loan, and if you have a co-applicant, the application process will take about 10-15 minutes. We will respond to your application as quickly as possible. In some cases this may be within a few minutes of applying, in others it could take up to one business day.

How will I know whether or not my loan has been approved?

If you accept the terms of the application and have correctly answered all the required questions, Citizens First will process your application and provide you with a loan status. If your loan is approved, we will notify you of the next step. We will then set up a time where you will go to the branch of your choice to close the loan. If your loan cannot be approved, we will immediately inform you by mail of the reasons the loan could not be approved.

How does a home equity loan work?

A home equity loan is a traditional loan with a fixed repayment term. After the closing, you begin making monthly payments. Usually, you may borrow up to 100% of your home’s equity. In many cases, this type of loan has tax advantages. You might be able to write off 100% of the interest you pay. (Make sure you consult your tax advisor regarding the deductibility of interest.)

Does the bank offer loans for boats and RVs?

Yes, we offer loans for new or pre-owned boats and recreational vehicles.