Tony DeMarco

Loans

732-539-5155
Loan product availability is subject to many factors including loan amount and qualification of borrower. Not every applicant qualifies or is eligible for every loan program. Some loan products may not be available in all states in which the company holds licenses. Loan approval, note rate and annual percentage rate (“APR”) are dependent on factors including, but not limited to: loan program selected, credit, collateral, income, assets and overall financial history. Not all applicants will be approved for a loan. All loan programs, terms, and interest rates are subject to change without notice. Consumer Complaint Information: Citizens Bank, N.A. (NMLS ID# 433960) is licensed under the laws of the State of Pennsylvania and by the State Law is subject to regulatory oversight by the Pennsylvania Department of Banking. Any consumer wishing to file a complaint against Citizens Bank, N.A.. (NMLS ID# 433960) should complete, sign, and send a complaint form to the Pennsylvania Department of Banking., 17 2 nd  St, Harrisburg, PA 17101. Complaint forms and instructions may be downloaded and printed from the Department's website located at http://www.dobs.pa.gov or obtained from the Department upon request by mail at the address above,
Citizens Bank  601 Route 73 N Suite 205 Mail Stop NJM205 Marlton, NJ 08053
Jumbo Loans Jumbo loans are mortgage loans that are larger than the limits set by the Federal Housing Finance Agency.  These are limitations for the size of the loans that Freddie Mac and Fannie Mae will purchase from lenders.  Usually loans over the amount of  $417,000 are considered Jumbo Loans.  However, some areas these limitations could be higher.  Jumbo loans are normally higher priced mortgage loans since the costs and risks are much higher.  Call Me for more info on your local limits.
30 Year Fixed 30 Year Fixed Mortgages are the most common loans offered by Fannie Mae and Freddie Mac.   The largest incentive for this type of loan is that your interest rate will not change for the life of this loan.  Payments may fluctuate due to changes in insurance premiums and or real estate taxes that are escrowed into the payment.  However this type loan offers easy budgeting . Call Me for more info on rates.
Adjustable Rate Mortgage Adjustable Rate Mortgages also known as ARM,  is the  type of loan is not the most popular of loans since the interest rate can periodically change due to the credit markets fluctuations. This type offers specific help to have lower payments to meet the needs of many different buyers needs. Benefits of an  ARM loan allows you to have smaller payments in the beginning of the loan when rates are fluctuating or when getting a fixed rate loan would cause higher payments.  Call Me for up to date rates.
FHA Insured Mortgage FHA, is US Federal Housing Administration Mortgage Insurance backed mortgage.  FHA offers federal assistance to typically  lower income buyers that cannot afford large down payments.  Loans with over 80% financial investment to appraised valuation requires  Private Mortgage Insurance (PMI).  FHA requires upfront mortgage insurance premium instead of PMI, which is a much smaller percentage that is paid at closing this helps in keeping payments lower. 
VA Insured Mortgage VA Loans are loans that are guaranteed by U.S. Department of Veterans Affairs.  This loan is for active duty, retired or previous military service veterans.  VA loans are available to eligible veterans to assist them in purchasing a home with little to no upfront costs and no Private Mortgage Insurance (PMI).  VA loans will allow veterans to qualify for larger loan amounts than traditional loans since not PMI is calculated into the payments. Call Me for your Veteran Status.
Specialty Niche Loans Second homes: Financing for a vacation home retreat Condos: All the benefits of owning a home Doctors and dentists:* Up to 95% financing with lender paid mortgage insurance for loan amounts up to $850,000 Investment properties: For clients who may be looking to buy a property to rent out New construction: A single loan program for both construction and permanent financing with a one- time close Major home renovations: Construction-to- permanent financing for clients considering a major home makeover
732-539-5155
732-539-5155
732-539-5155
732-539-5155
732-539-5155
732-539-5155

*The Citizens Bank Doctor Loan is available to licensed and actively practicing Doctors of Medicine (MD), Doctors of Osteopathic Medicine (DO), Doctors of Dental Surgery (DDS), and Doctors of Dental Medicine

(DMD) as well as newly licensed medical residents currently in residency or who will begin their residency within sixty (60) days of mortgage closing. Self-employed borrowers are ineligible. Available only in CT,

DC, DE, IL, IN, KY, MA, MD, ME, MI, NC, NH, NJ, NY, OH, PA, RI, SC, TN, VA, VT, and WV. Mortgages are offered and originated by Citizens Bank, N.A. Citizens Bank® is a brand name of Citizens Bank, N.A. (NMLS ID#

433960) and Citizens Bank of Pennsylvania (NMLS ID# 522615). Citizens Bank, N.A. and Citizens Bank of Pennsylvania are affiliates. All loans are subject to approval. Equal Housing Lender.

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