CityWorth Mortgage, also known as CityWorth Loans, is an online-only mortgage lender headquartered in Fairfax, Virginia. The lender offers conventional, FHA and VA loans and refinancing, including VA debt consolidation loans. It also offers a no-closing-cost option in which you avoid paying upfront costs in exchange for a higher rate.
Borrowers interested in an online process or a no-closing-cost mortgage
- Rate-and-term, cash-out and streamline refinancing
CityWorth Mortgage’s lender fees range from 1.5 percent to 3.5 percent of the loan.
CityWorth Mortgage does not advertise interest rates or the fees it charges online. You’ll need to fill out an application and speak with a loan officer to see what rate you might qualify for.
CityWorth Mortgage has 4.6 out of five stars on Trustpilot based on more than 950 reviews, the majority of which are “Excellent.”
CityWorth Mortgage is an online lender, so it makes sense that its online experience is convenient and easy to use. You can walk through the home loan process through the lender’s website, but if you need a hand, you can send an email or call and speak to a loan officer for help. While the lender’s website 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.
Minimum borrower requirements
CityWorth Mortgage borrowers interested in a conventional loan need a minimum credit score of 620 and at least 5 percent for a down payment to qualify. Borrowers also can’t exceed a debt-to-income (DTI) ratio of 50 percent with a Fannie Mae HomeReady loan (a type of conventional product). That means the sum of your monthly debts (including the new mortgage payment) cannot exceed 50 percent of your gross monthly income.
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 advertise its refi rates or fees, so you’ll have to start the application process if you want to learn more about costs.
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Breakdown of CityWorth Mortgage overall review score
- Affordability: 3/5
- Availability: 4/5
- Borrower experience: 4.7/5
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.