Money Saver Mortgages

Reach your goal with a real estate secured loan

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.

Promotional Rate

as low as 2.99% APR

for a 15-year fixed Money Saver MortgageD

An average Money Saver Mortgage could:

  • Help you be mortgage-free 10 years sooner
  • Save you $68,000 in interest costs
  • Increase payments by only $348 per monthD
Compare Mortgages

Unlock serious home savings

Average customer with a 2015 30-year fixed mortgageD

New First Citizens customer with a 15-year fixed Money Saver Mortgage



2.92% rate at 2.99% APR

Time to Mortgage Payoff

25 years

15 years

Monthly Payment



Remaining Interest Cost



Rates may vary depending on your area. Contact your local branch for details.


Take advantage of low rates

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

  • Lower fees and upfront costs
  • Competitive adjustable rates optionsD including a 5/1 year ARM and a 7/1 year ARM
  • Fixed rate terms up to 15 yearsD
  • Streamlined application process
  • Ideal for borrowers who don't need escrow
Homeowner 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 to manage the 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 is not included in the monthly payments. Many customers set up a 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.

An example of a typical extension of credit with an adjustable rate is as follows: an amount financed of $200,000 with a 5/1 ARM with a 30-year amortization and an initial rate of 3.125% fixed for 5 years with the possibility of adjusting annually throughout the duration of the loan would have an APR of 2.845%. The borrower would make 60 monthly payments of $857 followed by 300 payments of $812 based on the index on July 17, 2020, plus a margin. The payment does not include taxes and insurance premiums.

Terms and conditions subject to change. 

Annual Percentage Rate (APR) 2.99% as of ${date-today} to well qualified applicants for a fixed rate Money Saver Mortgage amortized over 15 years. APR is based upon a rate of 2.92% and an origination fee of 0.50% and assumes a loan-to-value up to 80%. Other terms and rates may be available.

Average mortgage example assumes customers received a mortgage at the average 3rd Quarter 2015 US mortgage amount of $230,461 according to Equifax and at the average 30-year fixed rate of 3.91% reported by the Federal Reserve on September 17, 2015. Payment assumes customer has made 60 payments at the scheduled payment amount, not including taxes or insurances. Assumes remaining balances is refinanced to a 15-year fixed-rate Money Saver Mortgage at 2.92% rate with a 0.50% origination fee and customer makes regularly scheduled payments for the term of the loan.

For example: A Money Saver Mortgage with an initial balance of $209,182.51 at a 2.92% rate and including a 0.50% origination fee would have an APR of 2.99% and you would make 180 payments of $1,436.54 and interest of $49,395.

Other closing costs such as appraisal, title insurance, title search and recording fees may be required to be paid to third parties by you at origination and will be disclosed to you. The payment example and your payments on this account do not include taxes and insurance. You are required to carry property insurance on the property that secures your account. Flood insurance may be required.

Rates, terms and conditions are subject to change at any time based on market conditions or other business factors.

This is not a commitment to lend. Your actual rate, payment and costs could be higher. Get an official loan estimate before choosing a loan. Use our refinance calculator to compare to your existing mortgage.

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