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CityWorth Mortgage is good for borrowers interested in an online process or a no-closing-cost mortgage.
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Loans offered
Conventional, FHA, VA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing
Min. credit score required
620 for conventional loans, 580 for FHA loans
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
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
Lower-credit score loan availability
DubbleUpp program for peer-to-peer lending
Streamlined approval and underwriting process
No jumbo loans, HELOCs or home equity loans
Doesn’t offer immediate online preapproval; you have to speak to a loan advisor first
CityWorth Mortgage is good for borrowers interested in an online process or a no-closing-cost mortgage.
Affordability: CityWorth Mortgage offers no-closing cost loans, but they carry a slightly higher interest rate.
Availability: CityWorth operates in some states (but not all), and it has a limited product lineup compared to that of other lenders.
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.
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).
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.
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.
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.