Citi mortgage

Learn more about Citi mortgage rates and compare this lender to others.

Updated November 02, 2024
4.41 out of 5

NLMS: 412915

Check Citi mortgage rates

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Loans offered:
Conventional, Adjustable, FHA, VA, Jumbo
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Min. credit score required:
620
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Min. down payment:
3%
For example, if you apply for a 15-year $400,000 mortgage with an interest rate of 6.15% and a down payment of 10% you would receive $360,000 and make 180 payments of $3,067.14. The total amount paid would be $552,084.

Information about bank

  • Organisation:
    Citi
  • Website:
  • Headquarters:
    388 Greenwich Street
    New York, NY 10013 United States

Citi Mortgage Pros&Cons

Pros:
  • A variety of mortgage options. Citi offers a range of loan types, including conventional, adjustable-rate mortgage, FHA loan, VA loan and jumbo loan.
  • Discounts on interest rate. Existing Citi customers with a deposit account can enjoy discounted mortgage rates if they meet the minimum balance requirement. For example, they can get a 0.125% discount if their account balance is between $50,000 and $199,999.99.
  • Low down payment option. With the HomeRun Mortgage program, you can take out a 30-year fixed-rate loan with a 3% down payment. Furthermore, you don’t need to pay mortgage insurance.
Cons:
  • No USDA loans. If you earn a low-to-moderate income and are looking for a USDA loan, you have to look elsewhere.
  • Application fee. To complete your mortgage application, you’ll have to pay a non-refundable application fee.