Down Payment Strategies

You can afford to order the wrong entrée. You can't afford to make a mistake on your mortgage.

 

We can help you understand and select a down payment option that best fits your situation.


The amount of your down payment affects:


•   Loan product eligibility.
  •   Loan amount and size of your monthly payments.
  •   The amount of cash available for other home buying costs.

 

If you don't have what used to be called the 'standard 20%' for a downpayment, CitiMortgage works with different down payment options available to you including:

 

  •   Mortgage Insurance - Protects the lender against losses incurred by a mortgage default.
  •   There are many other types of loan options available to you, including: government loans {FHA and VA} and community loans, too.


If you have any questions or would like us to walk you through the various options, contact a Mortgage Consultant.

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