Last Updated: 04/18/2025
CityWorth Mortgage
Unaffiliated
Last Updated: 04/18/2025
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Highlights
Credit Score Range
Starting at 620
Amount Range
N/A
Loan Term (Years)
Up to 30
CityWorth Mortgage Review
CityWorth Mortgage is offered by CityWorth Mortgage LLC (NMLS #925476), a direct lender founded in 2012 and based in Fairfax, VA. CityWorth Mortgage are available in 16 states.
Key Takeaways
- Only two mortgage programs offered. CityWorth Mortgage provides FHA VA conforming and conventional mortgages.
- Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
- Standard interest rates types. CityWorth Mortgage only offers fixed-rate mortgages.
- Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
- Origination fees of up to 1%. This is on the low end for lenders that charge an origination fee. However, plenty of lenders don't charge an origination fee. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
- Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for CityWorth Mortgage.
- High maximum DTI ratio. CityWorth Mortgage requires a debt-to-income ratio of less than 50%. This ratio includes all your monthly debts, not just your proposed mortgage payment. Typically, lenders have a maximum DTI of 43% or lower.
CityWorth Mortgage Pros & Cons
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CityWorth Mortgage FAQ
What is the maximum loan term you can get with CityWorth Mortgage?
CityWorth Mortgage offers mortgages with a maximum term of 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What mortgage rates does CityWorth Mortgage LLC offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
Yes, CityWorth Mortgage may charge a loan origination fee up to 1% of the loan amount .
What mortgage programs are available?
Besides conventional mortgages, CityWorth Mortgage offers the following mortgage types:
- FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
What property usage types does CityWorth Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. CityWorth Mortgage allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Investment properties and house flipping projects
What is the customer service phone number?
The customer service number for CityWorth Mortgage is (877) 908-6250.
What is the support contact email?
The support contact email for is info@cityworth.com.
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Contact
Headquarters
Hours of Operation
Sunday
Closed
Monday
8:00AM - 5:00PM
Tuesday
8:00AM - 5:00PM
Wednesday
8:00AM - 5:00PM
Thursday
8:00AM - 5:00PM
Friday
8:00AM - 5:00PM
Saturday
Closed