CityWorth Mortgage Reviews

CityWorth Mortgage is a Virginia-based mortgage lender established in 2012. It’s licensed to originate loans in Alabama, Florida, Georgia, Indiana, Maryland, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Wisconsin and Washington, D.C.

Options include both conventional and government-backed loans. CityWorth Mortgage offers digital tools such as the Loanzify app, mortgage calculators and realtor matching. It operates under the name CityWorth Loans in some states.

CityWorth Mortgage offers a short online form to begin the loan process. You’ll choose your loan and property type, provide financial details and indicate whether you’re ready to buy now or later. The form also asks about credit, income and debt to help determine eligibility.

Steps to apply with CityWorth Mortgage

1. Click “Apply” at the top of the page
2. Choose a loan type (purchase or refinance)
3. Select a property type and intended use
4. Answer questions about credit score, down payment and income
5. Provide contact information to match with a loan officer
6. Agree to terms and consent for contact under “Terms of Use” and “Privacy Policy”
7. Click submit

After submission, applicants are contacted by a loan officer and, if applicable, a CityWorth Properties realtor. CityWorth Mortgage and CityWorth Properties share ownership and may exchange client information as disclosed in the affiliated business agreement.

CityWorth Mortgage application features

CityWorth Mortgage doesn’t publish sample mortgage rates on its website. Rates typically depend on factors like credit score, down payment, property type and loan product.

While its rates aren't published, CityWorth Mortgage offers a variety of self-service mortgage calculators to help users estimate payments and compare loan scenarios. Tools include a refinance calculator, annual percentage rate estimator, needed income calculator and others.

CityWorth Mortgage states that digital tools on the site are for illustrative purposes and don’t guarantee loan approval or rate offers. To get an accurate quote, you’ll need to apply online or speak with a loan officer.

CityWorth Mortgage offers a range of purchase and refinance options, including:

• Conventional loans: Available with as little as 3% down and flexible term options for most property types
• FHA loans: Flexible qualification criteria and down payments as low as 3.5%
• VA loans: For eligible veterans, active-duty service members and surviving spouses, with no down payment, no mortgage insurance and capped closing costs
• Streamline refinance options: For existing FHA and VA borrowers to reduce rates with limited paperwork
• Debt consolidation loans: For rolling high-interest debt into one mortgage payment, up to 90% of the home’s value

» LEARN: The difference between conventional and FHA loans

CityWorth Mortgage’s loan requirements vary by product:

• Conventional loans: Typically require a higher credit score than FHA or VA loans, a minimum 3% down payment and a maximum debt-to-income ratio (DTI) of 43% to 50%
• FHA loans: Minimum credit score of 620, 3.5% to 10% down payment and DTI up to 50%
• VA loans: Minimum credit score of 620, no down payment required and a VA funding fee (unless exempt)

All loans require income verification and may have additional property or occupancy requirements.

» FIND OUT: Is my credit score high enough to qualify for a mortgage?

CityWorth Mortgage doesn’t list standard origination or closing costs online. Based on available information:

• FHA and VA loans: May include funding fees or mortgage insurance premiums
• VA borrowers: May be exempt from the VA funding fee if receiving disability compensation
• FHA streamline refinances: Can be structured with no upfront costs by accepting a slightly higher interest rate
• Conventional loans: Typically require private mortgage insurance if the down payment is less than 20%, which can be removed once the loan-to-value ratio drops below 78%