CitiMortgage

Headquartered in St. Louis, Missouri, CitiMortgage prides itself in making the dream of homeownership come true for a wide range of customers and partners across the country every day.

As a member of Citigroup, they are focused on providing the highest quality mortgage products as part of an expansive portfolio of financial services that includes banking, insurance, asset management, credit cards, and much more.

CitiMortgage is actually one of three mortgage divisions of Citigroup, providing a-paper wholesale and retail (consumer direct) mortgage products throughout the United States, as well as an array of auto and personal loans not secured by real property.

CitiMortgage Home Loans

As an a-paper lender, CitiMortgage specializes in borrowers with good credit and easily documented employment, assets, and equity, although they still do the Fannie Mae conforming 100% combination loans. Their best pricing is usually found in their fixed rate loans, but their ARMs are competitively priced as well.

While other lenders offer expanded lines for subprime borrowers, CitiMortgage does not. Instead, there is a separate Citigroup division, CitiFinancial Mortgage, which does exclusively non-prime loans. These are also offered to both consumer direct and wholesale clients, and are competitively priced as compared to mortgage products offered by other exclusively subprime/non-prime lenders.

Loans Funded by CitiMortgage

CitiMortgage and CitiFinancial Mortgage share a tendency toward conservative underwriting guidelines when it comes to income, but make up for it by liberal policies regarding faxed documents (they don't require wet signatures in order to process loans), borrower-friendly rate and fee incentives, as well as add-on opportunities from other Citigroup companies.

The Citigroup companies were the first to offer subprime clients the ability to earn interest rate deductions just for making their mortgage payments on time, and they have an internal policy of waiving the prepayment penalties when refinancing internal loans.

Primerica and CitiMortgage

Though it does not use the Citi name, Primerica is also part of the Citigroup umbrella, and offers a limited selection of mortgage products geared toward its own client base.

Additional mortgage loans you may wish to read about include Interest Only Loans, LIBOR Mortgage Loans, Cash Out Mortgage Loans, Second Mortgages, Home Purchase Loans, Reverse Mortgage Loans, Home Equity Line of Credit (HELOC), and Home Equity Loans.

CitiMortgage lends throughout the United States, and is subject to the laws of the state in which specific property is located.

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