CityWorth Mortgage Review 2022
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At a glance

NMLS: 925476
3.9
Bankrate Score
Loans offered
Conventional, FHA, VA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancingNationwide availability
Available in Alabama, Arkansas, Florida, Georgia, Indiana, Maryland, Michigan, Minnesota, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and VirginiaMin. credit score required
620 for conventional loans; 580 for FHA loansPros and cons
Pros
- Lower-credit score loan availability
- DubbleUpp program that encourages buying a home with a friend
- 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 overview
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.
Good for
Borrowers interested in an online process or a no-closing-cost mortgage
Loan types
- Conventional
- FHA
- VA
- Fixed-rate
- Adjustable-rate
- Rate-and-term, cash-out and streamline refinancing
Lender fees
CityWorth Mortgage’s lender fees range from 1.5 percent to 3.5 percent of the loan.
Rates
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.
Reputation
CityWorth Mortgage has 4.6 out of five stars on Trustpilot based on more than 950 reviews, the majority of which are “Excellent.”
Online services
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.
Not sure if CityWorth Mortgage is right for you? Consider these alternatives
- 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
- HomePlus Mortgage review: A broker that also has access to no-closing-cost loans
- Truist mortgage review: Can connect you with down payment assistance and a full banking experience
Breakdown of CityWorth Mortgage overall review score
- Affordability: 3/5
- Availability: 4/5
- Borrower experience: 4.7/5
Review 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.