## Does Citibank Offer Mortgages?
Yes, Citibank offers a range of mortgage products to meet the needs of homebuyers and homeowners.
### Types of Mortgages Offered by Citibank
* **Conventional mortgages:** These loans are not backed by the government and generally have lower down payment requirements and more flexible terms than government-backed loans.
* **FHA loans:** These loans are backed by the Federal Housing Administration and are designed for first-time homebuyers and those with lower credit scores.
* **VA loans:** These loans are backed by the Department of Veterans Affairs and are available to active-duty military members, veterans, and surviving spouses.
* **USDA loans:** These loans are backed by the United States Department of Agriculture and are designed for low- to moderate-income borrowers in rural areas.
### Features and Benefits of Citibank Mortgages
* **Competitive interest rates:** Citibank offers competitive interest rates on all types of mortgages.
* **Flexible loan terms:** Citibank offers a variety of loan terms to meet the needs of borrowers, including 15-year, 20-year, and 30-year fixed-rate mortgages, as well as adjustable-rate mortgages (ARMs).
* **Low down payment options:** Citibank offers down payment options as low as 3% for conventional loans and 3.5% for FHA loans.
* **No-cost refinance:** Citibank offers a no-cost refinance option for borrowers who want to lower their interest rate or change their loan term.
* **Online mortgage application:** Citibank offers an online mortgage application that makes it easy to apply for a mortgage from the comfort of your home.
### How to Apply for a Citibank Mortgage
You can apply for a Citibank mortgage online, by phone, or in person at a local branch. The following steps are involved in the application process:
1. **Gather your financial documents.** This includes your income statements, tax returns, and bank statements.
2. **Get pre-approved.** This will give you an idea of how much you can borrow and what your monthly payments will be.
3. **Find a home.** Once you have been pre-approved, you can start looking for a home.
4. **Submit your loan application.** You will need to provide your financial documents and information about the home you want to purchase.
5. **Get your loan approved.** Citibank will review your application and make a decision on whether or not to approve your loan.
6. **Close on your loan.** Once your loan has been approved, you will need to close on the loan and sign the mortgage.
### Citibank Mortgage Calculator
Citibank offers a mortgage calculator on its website that can help you estimate your monthly mortgage payments. The calculator takes into account the loan amount, interest rate, loan term, and property taxes and insurance.
### Contact Citibank
If you have any questions about Citibank mortgages, you can contact a Citibank mortgage specialist by phone at 1-800-349-BANK (2265). You can also visit Citibank’s website at www.citi.com/mortgages for more information.