About CitiMortgage
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CitiMortgage is the lending branch of Citigroup. It offers home loans ranging from conventional to FHA products. Its rates are fairly affordable when compared with other lenders, but mortgage rates vary depending on your situation. It provides cashback and rewards programs and closing cost credits for some borrowers.
Overall Satisfaction Rating
- 5 stars516
- 4 stars621
- 3 stars286
- 2 stars36
- 1 stars16
Top CitiMortgage Reviews
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We refinanced with CITI twice. The whole process was fast, easy and all done via computer except when we had to sign. Representatives were very informative and patient. Always kep...
Read full reviewThe most important thing is the time it takes to complete the loan process and what is necessary to do so. The application at CitiMortgage was quick and easy with associates being...
Read full reviewWhat is CitiMortgage?
CitiMortgage is a financial institution that offers various mortgage loans. You can choose between short- and long-term mortgages and products like conventional, FHA, jumbo and VA loans. It provides refinancing services and lets you use your home equity to get a Home Equity Line of Credit (HELOC). It also offers a fixed-rate home equity loan.
One aspect that sets CitiMortgage apart from its competitors is its special pricing for new and existing clients. You could qualify for closing cost credits or a lower interest rate on your mortgage. You’ll also receive rewards points for banking with Citi and qualify for cashback if you shop with its Double Cash card.
How does CitiMortgage work?
To get started with CitiMortgage, you’ll need to select the right loan program for you. It offers a variety of lending, refinancing and home equity options, including:
- Conventional
- FHA
- Jumbo
- VA
- Fixed-rate mortgage
- Adjustable-rate mortgage
- HELOC
- Fixed-rate home equity
Once you’ve chosen a suitable loan, you’ll complete the mortgage application and provide consent to proceed. Then CitiMortgage will ask you to submit various documents, such as signed disclosures, bank statements, tax returns and details of your employment.
Within three days of receiving your application, the lender will provide a loan estimate. CitiMortgage has to appraise your home to determine its market value, then an underwriter will analyze your application and make a final decision. Once your application is approved, you’re ready to close.
CitiMortgage rates
CitiMortgage lists its interest rates on its website. Though mortgage rates fluctuate depending on the economy, CitiMortgage’s rates seem relatively affordable in general. CitiMortgage will determine your interest rates based on several factors, including your home’s location and loan amount. Work with a company representative to get an accurate estimate of your mortgage interest rates.
CitiMortgage FAQ
- Who owns CitiMortgage?
- Citigroup is the parent company of CitiMortgage. Citibank and Citi Retail Services are also part of this group.
- How long does it take to get approved for a CitiMortgage loan?
- CitiMortgage requires 45 days to provide a response. In some cases, it might need more time. If this is true for you, CitiMortgage will notify you.
- Where is CitiMortgage available?
- CitiMortgage is available in all 50 states.
- Does CitiMortgage sell its loans?
- Yes, it does, which can simplify its operations, improve returns on capital and reduce expenses.
Is CitiMortgage legit?
Yes. CitiMortgage is available in all 50 states and offers conventional, jumbo, VA and FHA mortgage loans. You can also choose to refinance your home or get loans through home equity. CitiMortgage offers special rates to new and existing customers, rewards for banking with Citibank and cashback benefits for shopping with Citi’s Double Cash card.
CitiMortgage Reviews
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A simple refi to lower interest rate started in early January and still lingers. The customer service was less than 1 star. We had an existing gold star relationship with CITI and escalated several times with zero progress. The CITI strategy is to delay and then request updated information-multiple times. We provided an encyclopedia of requested documents and they are clearly overwhelmed. We will discontinue business with CITI with zero regrets. We are researching FBA complaint process.
I started the process of refinancing my coop on September 19th and after submitting the required documentation weekly/monthly and not hearing for a couple of months I started to reach out to my loan officer after the Thanksgiving holiday. After speaking with him in early December and insisting he look into what the delay was, he informed me that there was an issue with the coop lease. I requested a refund at that time and was told I couldn't get a refund because the issue was on my end. I reached out to my coop management to be told there were no issues with loans and Bank of America and Chase were processing loans without any issues. When I reached back to my loan officer and advised him of this and requesting a full refund I was told I couldn't get a refund because it wasn't Citibank's fault. It was on my end.
For the next 30 days after going into my 5th month of this process I again requested a refund after both my loan officer and his manager were non responsive and were not communicating the status of my loan. Obviously, someone dropped the ball and didn't do their job as I had to do all of the investigating to find out what was going on, very frustrating and unprofessional way of conducting business. I was not refunded all of the the moneys. I was only refunded their upfront fees, however I lost additional fees of $525.00. I had to pay my coop management and lawyer for the process of refinancing my loan. I would never recommend or do any business with Citibank or any of their partners, they are incompetent.
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1. See all consumer review with CENLAR, you will understand what this trick is.
3. Cenlar will be your nightmare after CITI signed the contract with you and transfer the loan to CENLAR.
So my loan started off with CitiBank which provided top notch service with my mortgage and customer service but then they transferred my loan to a subsidiary called Cenlar (still owned by Citi) and I had a few issues including 2nd rate Customer service compared to Citi and errors on my Credit report that I had to dispute.
Inferior and unprofessional customer service. I wonder why CitiMortgage put an unprofessional person to assist a customer. CitiMortgage is losing a customer because of those poorly qualified people. They better take action! The rude lady national... ID number is **. She does not deserve to be servicing a customer.
Financed home in 1992 with a company that "sold" the mortgage prior to 1998 to CitiMortgage. Refinanced with CitiMortgage in 1998. When selling home in 2020 we find out that proper lien release was not filed for the 1992 loan when CitiMortgage paid off their own loan. Money had to be placed in Escrow if we wanted to sell the house without a clear title. Dozens of emails from me and the closing agent at our title company and 2 months later we still have not been notified by Citi that this lien release has been properly filed so that we can get our funds from Escrow.
Citi mortgage is awful. We tried to pay off our mortgage and they would not let us see. Had to certified check. They send us the amount left and asked if we knew what day we pay it off. How do we know until we get the statement. Because of interest stupid lady on the other end said got to pick a date then 22 dollars for that paper. We then have to wire transfer the money and if it's not done right a few is involved. That not all. It has to be approved by Citibank. We are So very very angry that we can't just send our last payment to them. It's now costing us over a hundred dollars they are charging us and if they don't approve it or it's not the specific amount they will send it back and charge us 200 hundred dollars. What company. They scam people. Something gotta be done about this company.
The representatives not easy to work and too complicated! I have to repeat the questions and did not got any answers! CitiMortgage representatives need to listen more and redirect customer to the right departments.
Unprofessional, took months to get it set on automatic payments which resulted in late fees and a mark on my credit score. There is no branch or human person to talk to in the I'll area. They barely speak English.
Next time I decide to finance anything probably will be with another company! That's all! Would not recommend them..I a very bad experience from start to finish! Not very understanding and lies to customers...Once again that's all that I'm saying....
CitiMortgage Company Information
- Company Name:
- CitiMortgage
- Website:
- www.online.citi.com
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