Citizens Bank and Ameris Bank Offer Variety of Mortgage Options; Jackson Area Federal Credit Union Provides Low-Cost Banking

While Citizens Bank requires a 620 score for FHA or VA loans, Ameris Bank offers flexible credit requirements and a first-time homebuyer grant. Jackson Area Federal Credit Union offers low-cost banking with no monthly service fees.

• Citizens Bank offers a range of mortgage types, including conforming, FHA, VA, jumbo, construction-to-permanent, and HELOCs, but ranks below average in customer satisfaction and requires a 620 score for FHA or VA loans.
• Ameris Bank provides a variety of mortgages, including conforming, FHA, VA, USDA, jumbo, construction, rehabilitation, and more, with flexible credit requirements and a first-time homebuyer grant up to $12,500.
• Jackson Area Federal Credit Union offers a Share Savings Account with a low $25 minimum opening deposit and no monthly service fee, and a Share Draft Checking Account with no monthly service fee.
• Citizens Bank's Destination Home Mortgage is available to low-to-moderate income borrowers or those who live in a low-to-moderate income area, allowing 3% down payments with no monthly mortgage insurance payment.
• Ameris Bank's Bank Statement Advantage program is beneficial for self-employed borrowers who need to use bank statements to show their income.

4 Articles

Business Insider Business Insider Business Insider Business Insider