Money Saver Mortgages

Reach your goal with a real estate secured loan

A shorter term can help you save

Is it time to rethink your mortgage loan? With a Money Saver Mortgage, you could lower your monthly payments or pay off your debt sooner.

Lower closing costs

Save with lower rates, fees and upfront costs.

Reduce interest

Pay less interest and save more over the life of your loan.

Pay off debt faster

Be mortgage-free sooner with a shorter loan term.

Save time and pay off your mortgage sooner
Promotional Rate

Let us help you on your journey to become mortgage-free

Rates as low as
5.69% APR
for a 7/1 ARMD


Take advantage of low rates

Lower your monthly mortgage payment or pay off your home faster.

  • Lower fees and upfront costs
  • Competitive adjustable rate mortgage options, including a 5/1 ARM, 7/1 ARMD and 10/1 ARM
  • Fixed-rate terms up to 20 years
  • Streamlined application process
  • Ideal for borrowers who don't need escrow
Homeowners Insurance

Keep your home and your family safe

Get the right homeowners insurance to meet your family's needs.
Prestige Checking Account

Your money deserves more, and so do you

Get exclusive benefits and preferred rates with our Prestige checking account.

People often ask us

A Money Saver Mortgage is a real estate secured loan that allows you to work with your local branch banker and often has lower upfront costs and a simpler and faster closing process.

Most mortgages are originated and then sold to investors. If you've had a mortgage before, you're likely familiar with that standard process. The Money Saver Mortgage is intended to be held by First Citizens Bank.

The Money Saver Mortgage has shorter terms (up to 15 years for a fixed rate and 30 years for an adjustable rate), while traditional mortgages offer longer terms (up to 30 years fixed) and other features such as the ability to pay points for a lower interest rate.

If a traditional mortgage better suits your needs, your branch banker will be happy to make a seamless referral to a mortgage banker with the First Citizens Mortgage Division who can help you.

No. With the Money Saver Mortgage, customers manage tax and insurance payments themselves. Escrow isn't available and isn't included in the monthly payments. Many customers set up a savings account with regular deposits to cover taxes and insurance when they're due.

No. The Money Saver Mortgage suite is only available for primary or secondary single-family residences (1 to 4 residential dwellings).

No. The rate on an ARM is fixed for a specific amount of time and then can adjust annually. A balloon loan calculates payments amortized over the length of the loan, but at the end of a set term it can either be called due or renegotiated. Balloon loans aren't available within the Money Saver Mortgage suite.


A few financial insights for your life

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Account openings and credit are subject to bank approval.

Terms and conditions subject to change.

Annual Percentage Rate (APR) is 5.69% as of January 18, 2023, to well-qualified applicants for a 7/1 ARM Money Saver Mortgage amortized over 15 years. APR is based upon a rate of 5.09% and an origination fee of 0.50% and assumes a loan-to-value up to 80%. Other terms and rates may be available.

For example: An amount financed of $200,000 with a 7/1 ARM with a 15-year amortization and an initial rate of 5.09% fixed for 7 years with the possibility of adjusting annually throughout the duration of the loan would have an APR of 5.69%. The borrower would make 84 monthly payments of $1,590 followed by 96 payments of $1,722 based on the index on January 18, 2023, plus a margin and pay total interest of $98,780. The payment doesn't include taxes and insurance premiums.

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