Citi Financial Mortgage Company

City Financial Mortgage Company has been providing mortgage loans for quite some time now and is gaining grounds rapidly. The company is a subsidiary of the famous Citi Group and the headquarter of the Citi Mortgage is in St. Louis of Missouri, USA. Citi Group provides a variety of financial products for the individuals as well as for the corporate and governments. These products includes banking services, credit cards, loans and mortgages, international banking and investment, fund and security services, government services, benefit service and asset management, etc. As a subsidiary of the City Group, City Financial Mortgage Company is providing several mortgage loan products for the borrowers. These mortgage loans are designed for different purposes. Some of these loans are as follows:

Construction Loan

FHA Loan

Renovation Loan

• Flexible Refinance Program
• VA Loan
• Home Equity
• Community Lending Program
• Fixed Rate Mortgage
• Adjustable Rate Mortgage

City Financial Mortgage Company offers the customers full assistance from the very beginning of a mortgage loan process till it is concluded. The company provides assistance for the customers on phone and through the web. A customer can also pay a visit to any of the company branches and can ask for help for any kind of problem regarding the company products.

The construction loan of the company is designed as an easily affordable loan product. The process and the terms and conditions of the loan are very clear but the loan is provided to limited customers. The company also offers financial assistance for renovating the old property. The construction and renovation loans are further divided in two types, single close loan and the optional cash reserve contingency plan. These loans are designed in such a way that the borrower, pays only the interest on the principal amount, till the construction or renovation of the house is completed. After that the monthly installments starts.

The FHA and the VA Loans are provided on easy terms and conditions. The FHA loan comes with both fixed and floating rate but the VA loans are designed as fixed rate loan only. These loans are especially meant for the first time home buyers and the military personnel The loan interest rates and terms are very flexible and affordable.

The fixed and the adjustable rate mortgages are the actually the interest type which are charged on the principal amount. The fixed rate never changes in the whole loan term but the adjustable rates can fluctuate in accordance with some particular indexes.