Charter One Mortgage Rates and Reviews (Citizens Bank)

September 4, 2010 2 Comments »

The Charter One Mortgage products (by Citizens Bank) are currently providing some decent APR’s depending on your credit standing and location. Charter One has a vast selection of mortgage products – ranging from traditional fixed rate mortgages and ARMs to customized mortgages tailored to meet individual needs. Like most mortgage lenders, their primary products consist of fixed rate mortgages, adjustable rate mortgages, home loan refinancing, and jumbo mortgages (to name a few). You may apply for a Citizens bank mortgage if you reside in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont. The Charter One mortgage brand operates in Illinois, Michigan and Ohio.

Citizens Financial Group, a $140 billion commercial bank holding company. It is headquartered in Providence, R.I., and, through its subsidiaries, has more than 1,500 branches, more than 3,500 ATMs and approximately 22,700 employees. Its two bank subsidiaries are RBS Citizens, N.A. and Citizens Bank of Pennsylvania.

Mortgage Rates offered through Citizens Bank and Charter One:

(rates accurate as of 9/2010. visit for updated rates and info)

- 30 year fixed rate mortgage going for 4.665% APR.

- 15 year fixed rate mortgage going for 4.194% APR.

- 7/1 ARM (adjustable rate mortgage) going for 3.453% APR.

- 5/1 ARM (adjustable rate mortgage) going for 3.249% APR.

- 3/1 ARM (adjustable rate mortgage) going for 3.199% APR.

Mortgage Rate Assumptions:

Loan Size: $300,000. Down Payment: 20%. Loan Purpose: Purchase. Property Type: Single Family. Occupancy: Owner Occupied. Lock Period: 60 days. FICO Score: 740 or greater. Subordinate Financing: None.

Mortgage (Promotional) Option: “Circle Gold Mortgage Advantage” Apply for/open a Citizens Circle Gold Banking package with your Mortgage, and you’ll receive 1/8% off your mortgage rate.

Compare the rates (above) with some of the lowest mortgage rates in Rhode Island.

Recent Mortgage Reviews:

Harris Bank mortgage rates and review: featuring APRs under 5% as of 9/2010.

US Bank mortgage rates and reviews: featuring APRs under 5% as of 9/2010.

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  • Schmidty

    Charter One totally screwed me on my loan. They pre-approved me and pretty much promised no issues with my loan, then after we paid for our inspections, the loan never went through. Lost about $450.

    • SJB3

      What a coincidence!!! THE EXACT SAME THING HAPPENED TO ME!!! DO NOT GO TO CHARTER ONE FOR A LOAN! SAVE YOURSELF THE HEADACHE!! They preapproved me and then after paying $450 for inspection and app fee denied me !!! They beat around the bush about it EIGHT LONG MONTHS!!! THAT IS SUCH BS!!!!!!!!! STRAIGHT ROBBERTY CROOKS!!! Then they have the balls to tell me how all their loan officers walked out and I should feel “lucky” it only took eight months as they are very backed up because underwriters are not paid commission so they don’t care! YES Charter One loan officers told me that… GREAT WAY TO RUN A BUSINESS!! JERKS!!!