Did you know we have low rates on our consumer loans? Loans you can use to lower the payment on a current loan or to purchase a car, truck, SUV, RV & camper, boat, home appliances, credit card debt consolidation, and more!
Interested in a student loan? We work with ISL Education Lending to offer private loans to help you pay for college as well as refinance existing student loans. Learn More about Student Loan options.
Vehicle Loans
Applying for a Vehicle Loan
Whether you're a first time buyer looking for advice or a seasoned pro, we are ready to help! Choose an option that works best for you:
Option #1 | Apply for Pre-Approval at First Citizens Bank
This is a great option for a vehicle loan, especially if you're still shopping around and haven't settled on a particular car yet. With a pre-approval, you'll have a budget and terms taken care of which means you can talk about a car's price rather than monthly payments and financing.
Option #2 | Find a Vehicle, Then Visit With Us
If you've got a specific car picked out, visit with us! Contact us at 800-423-1602 to make an appointment to visit with our staff about current rates and loan options at any of our offices.
Frequently Asked Questions
How do I go about getting pre-approved for a vehicle loan? Simply apply online or in person for an auto loan and give a best estimate of the amount you are looking to spend. From there the lender will review and either approve, counter, or deny the application based on the amount. Final approval will require collateral review, but an initial approval can be offered to allow a customer to go shopping with confidence.
Why is it better to get a loan with First Citizens than with a dealer? First Citizens Bank will offer you a local personal experience with the entire auto loan purchase and life of the loan. Using the dealer ends when you drive off the lot for most. Your bank will be there for the entire relationship.
How does the whole vehicle loan process work when getting it from First Citizens? You start with the application, conditional approval, purchase, and loan closing. If you are buying from a dealership we would like to get the purchase agreement or bill of sale. If purchasing from a private party we encourage the buyer to see a copy of the title before finalizing the purchase. This helps the buyer know if the title is salvaged or reconstructed. If you are looking for a pre-approval we can give you a letter to take with you to the dealership to offer an added level of comfort and buying power as you move through the buying process.
Whether you’re buying your first home or building your retirement home, partnering with the right financial partner is crucial. With decades worth of expertise and in-depth knowledge of the local market, we’re more than equipped to help.
This type of loan provides assistance to Iowa homeowners not served by a public sewer. Homeowners may obtain a low-interest loan through First Citizens for the replacement of inadequate or failing septic systems. According to Iowa law, all septic systems, regardless of when they were installed, must have a secondary wastewater treatment system following the septic tank.
Both the Iowa Finance Authority (IFA) and Minnesota Housing Finance Agency (MFHA) offer loans designed to help assist first-time home buyers.
Affordable, fixed-rate loans
Down payment assistance
Military Homeownership Assistance Program
You can learn more about the specific eligibility requirements on the IFA website for single-family residences in Iowa or the MFHA website for single-family residences in Minnesota.
Fixed Rate Loans
Planning on staying in one home for a long time? A fixed rate loan may be your best option.
Consistency of the same interest rate for the life of your loan
Variety of term loan options
Protects you from interest rate increases
Requires as little as 3-5 percent down payment depending on your specific program
Ideal for you if you saved money for a larger down payment
Adjustable Rate Loans
Need a home, but don’t see yourself staying there for the long term? Your best option may be an adjustable rate loan.
Your loan’s interest rate fluctuates based on market conditions
Appealing if you’re looking for lower initial monthly payments
Includes an interest rate cap to limit how high your interest rate can go
Offers flexibility if you expect future income growth or if you plan to move or refinance within a few years
Veterans Affairs (VA) Loans
This loan program is designed for military veterans, active-duty personnel, reservists and their spouses.
No down payment requirement in most cases
No monthly mortgage insurance premium
No penalty is issued if you pay your home loan off early
United States Department of Agriculture (USDA) Loans
These are loans to specifically assist families in rural communities with a moderate income purchase a home.
100% financing potentially available
Closings costs may be included in certain situations
Ideal if you cannot meet down payment requirements for other loan types
Other Related Real Estate Loans
Construction Loan- want to build your dream home? We can help arrange financing from start to finish in the building process. Click here to find a home loan expert for more information.
Bridge Loan- Need to move forward with a new home purchase, but your current home hasn’t sold yet? That’s where a bridge loan comes in handy.