CityWorth Mortgage Review 2023
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At a glance

NMLS: 925476
4.0
Bankrate Score
Loans offered
Conventional, FHA, VA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing
Nationwide Availability
Available in Alabama, Arkansas, Florida, Georgia, Indiana, Maryland, Michigan, Minnesota, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Wisconsin
Min. credit score required
620 for conventional loans; 580 for FHA loans
Pros and cons
Pros
- Lower-credit score loan availability
- DubbleUpp program for peer-to-peer lending
- Streamlined approval and underwriting process
Cons
- No jumbo loans, HELOCs or home equity loans
- Doesn’t offer immediate online preapproval; you have to speak to a loan advisor first
CityWorth Loans overview
CityWorth Mortgage is good for
Borrowers interested in an online process or a no-closing-cost mortgage
Breakdown of CityWorth Mortgage overall score
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Affordability: CityWorth Mortgage offers no-closing cost loans, but they carry a slightly higher interest rate.
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Availability: CityWorth operates in some states (but not all), and it has a limited product lineup compared to that of other lenders.
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Borrower experience: The lender utilizes the Loanzify app to help guide you through the process, and you can begin your mortgage application via its website.
Methodology
To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews. Here is our full methodology.
Affordability: 3/5
CityWorth Mortgage doesn’t display mortgage interest rates on its website; you’ll need to fill out an application and speak with a loan officer to see what you might qualify for. The lender’s fees range from 1.5 percent to 3.5 percent of the loan amount. One potential perk: You might be able to get a no-closing cost loan (the tradeoff being a higher rate).
Availability: 4.8/5
CityWorth Mortgage offers conventional, FHA and VA loans and refinancing, including VA debt consolidation loans. CityWorth doesn’t offer jumbo loans or home equity products. Its loans are available to qualified borrowers in Alabama, Arkansas, Florida, Georgia, Indiana, Maryland, Michigan, Minnesota, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Wisconsin.
Borrower experience: 4.3/5
CityWorth Mortgage has funded $1.7 billion in loans thus far, and has an A+ rating from the Better Business Bureau and a 4.6 out of five stars on Trustpilot.
As an online lender, you can expect convenience in your experience with CityWorth, which currently averages 24 days on loan approvals (according to the lender’s website). While its site is somewhat limited when it comes to educational information, it does explain the benefits of buying a home over renting and offers tips for first-time homebuyers, among other resources.
Refinancing with CityWorth Mortgage
CityWorth Mortgage offers refinancing whether you’re looking to reduce your interest rate, lower your monthly payments or take equity out of your home as cash or to consolidate other debt. The lender doesn’t display its refi rates or fees online, however, so you’ll have to start the application process if you want to learn more about costs.
Alternatives to CityWorth Mortgage
- Watermark Home Loans review – Offers some specialty mortgages, like interest-only, manufactured-home and piggyback loans
- Valley National Bank mortgage review – A regional bank and national lender that could be a good option for first-time homebuyers
- American Federal Mortgage Corporation review – Provides instant rate quotes and approvals in as little as 24 hours
Written by
TJ Porter
Contributing writer
TJ Porter is a contributing writer for Bankrate with eight years of experience writing about finance. TJ writes about a range of subjects, from budgeting tips to bank account reviews.