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First Citizens Bank is good for borrowers interested in variety of types of mortgages, including construction and renovation loans, and a quick closing.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
Loans offered
Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term refinancing; construction and renovation loans; interest-only
Min. credit score required
620 for conventional loans, 701 for jumbo loans, 620 for FHA loans, 640 for USDA loans
Nationwide availability
Available in all U.S. states
Min. down payment
3.5% for FHA loans, none for VA loans
The customer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews. Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.
Philip Newstedt is the reason I would, without hesitation, recommend CIT Bank for a home loan to a friend or colleague, though I would recommend that they specifically seek out Philip. Despite me being skeptical to begin, Philip was professional and patient. He was honest and upfront, without being...
Stephanie
Washington (Jul 6, 2022)
Marc Gurgiolo was our loan officer and he did everything possible to get us the best deal. Would absolutely recommend!
Eduardo Cohn
Los Angeles, California (Jun 7, 2022)
NMLS: 503941
4.5
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term refinancing; construction and renovation loans; interest-only
Nationwide Availability
Available in all U.S. states
Min. credit score required
620 for conventional loans, 701 for jumbo loans, 620 for FHA loans, 640 for USDA loans
Offers relationship discounts for banking customers
Provides construction and renovation financing
Offers online prequalifications, not preapprovals
First Citizens Bank is good for borrowers interested in variety of types of mortgages, including construction and renovation loans, and a quick closing.
First Citizens Bank’s mortgage rates are below Bankrate’s averages, meaning you might stand to obtain a favorable rate with this lender, provided you qualify. The bank’s charges for a mortgage might include an origination fee, rate-lock fee and other closing costs.
First Citizens Bank provides mortgages to borrowers in all 50 states, from conventional and government-insured loans through the FHA, VA and USDA programs to options to refinance your existing mortgage. The lender also offers jumbo loans, construction loans and home renovation loans.
First Citizens Bank has been in business for more than a century. The bank has an A rating from the Better Business Bureau.
As a borrower, you can set up a free online account to ask for preapproval, a process that typically requires three to five days. Then a mortgage banker will reach out to discuss your options. The bank’s average time to close a purchase loan, as of this review, was 25 days.
If you have questions about a loan, First Citizens Bank is available Monday through Friday from 9 a.m. to 6 p.m. ET. Your loan officer might also be available after hours or on weekends as needed.
You can refinance your current mortgage with First Citizens Bank. You’ll need to complete a form for a rate quote and an estimate of costs.
NMLS: 503941
4.7
97 ratings
This lender has 2 reviews.
93% of customers would recommend this lender.
The consumer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews.
Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.
To help serve you with relevant information, the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.
Terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?
Terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?