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Cityworth could offer those with poor credit or other nontraditional borrowers an opportunity for loan approval. It considers your rent, mortgage and credit card payments in place of a credit score. And its bank statement loans provide a pathway for homeownership for self-employed borrowers. But you’ll need to speak to a loan officer to find out about its rates.
Loan products offered | Conventional, Refinance, FHA, VA |
---|---|
Minimum credit score | FHA:580 VA: 580 Bank Statement: 680 |
State availability | AL, AR, FL, GA, IN, MD, MI, MN, NC, OH, PA, SC, TN, TX, VA, WI |
Like most lenders, Cityworth offers both conventional and government-backed loan options.
Although Cityworth mortgage doesn’t list all of its fees online, a few standard fees include:
Loan-to-value | Debt-to-income | Minimum credit score | |
---|---|---|---|
Conventional | 95% | Varies | 740 |
FHA | 96.3% | 41% | 580 |
VA | 100% | 41% | 580 |
Bank Statement | 90% | 50% | 680 |
Here are a few documents you’ll need to submit to get started. Depending on your situation, your loan officer may request additional documentation.
Start a home loan application with Cityworth by getting preapproved on its website:
Cityworth Mortgage has over 900 reviews on Trustpilot, with 91% of users giving it an excellent rating. It’s also accredited with the Better Business Bureau (BBB) and holds an A+ rating for responding to customer complaints.
Many customers praise Cityworth for friendly, helpful agents, and many felt the process was efficient and professional. The main complaint was that, despite helpful loan officers, its underwriters requested last-minute documents threatening a later closing date.
Cityworth was founded in 2011 and is headquartered in Fairfax, VA. This direct lender is licensed with the Nationwide Mortgage Licensing System and Registry (NMLS) and uses in-house underwriting. It is an affiliate business with Cityworth Properties, a real estate agency.
Review by
Kimberly Ellis is a writer at Finder. She hails from New York City with a BA from Queens College and a New York State teaching certificate. After teaching in both public and private schools, Kimberly decided to take the world by storm and dive into the media industry — where she covers everything from home loans and investing to K–12 education and shopping. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.
Cityworth is a good option for borrowers with no or low credit history, and it has solid ratings from current customers. Its application process and borrower criteria are comparable to other lenders. But since it doesn’t publish its rates online and many users report last-minute underwriting requests, you may want to consider other options.