CityWorth Mortgage Mortgage Review 2020

By Ellen Chang

About our reviews

Bankrate’s editorial team researches, reviews and rates lenders to help you find one that fits your needs. Our experts consider a range of factors, including rates, loan types, time to close, fees and more. Reviews are updated regularly. Bankrate is an independent, advertising-supported comparison service. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy.

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4.1

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Please note: In response to the coronavirus pandemic, lenders are changing their requirements continuously. Although we strive for accuracy at the time of publication, please be sure to check with the lender for updated details on down payments, credit scores, etc.

CityWorth Mortgage is an online-only mortgage lender headquartered in Fairfax, Virginia. The mortgage lender offers conventional, refinancing and FHA Streamline Refinance, VA Cash-Out and VA Debt Consolidation loans.

Nationwide availability

Available in Alabama, Arkansas, Florida, Georgia, Indiana, Maryland, Michigan, Minnesota, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Wisconsin

Minimum credit score

580 for conventional loans

Loan types

Conventional, fixed, FHA, VA, adjustable-rate mortgage (ARM)

Pros

  • Lower credit score loan availability
  • Bank's DubbleUpp program encourages buying a home with a friend
  • Has a streamlined approval and underwriting process

Cons

  • No jumbo loans
  • No HELOCs or home equity loans
  • Doesn’t offer immediate online preapproval; you have to speak to a loan advisor first

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CityWorth Mortgage overview

Loan types

  • Conventional
  • Fixed
  • FHA
  • VA
  • Adjustable-rate mortgage (ARM)

Lender fees

CityWorth Mortgage’s lender fees are 1.5 percent to 3.5 percent of mortgage.

Minimum borrower requirements

CityWorth Mortgage borrowers need a minimum credit score of 580 and can put as little as 5 percent down for a conventional loan.

Borrowers also can have a maximum debt-to-income ratio, or DTI, of 50 percent with a Fannie Mae HomeReady Mortgage. That means the sum of your monthly debts (including the new mortgage payment) cannot exceed 50 percent of your gross monthly income.

Get started with CityWorth Mortgage

Borrowers can apply online or by phone. If you apply online, a representative will contact you.

Hours

Monday - Friday: 9 a.m. - 7 p.m. EST Saturday: 9 a.m. - 1 p.m. EST Sunday: Closed  Contact: 877-908-6250

CityWorth Mortgage consumer rating and reviews

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