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Citywide is a mortgage lender with a full range of standard and unique loan products: conventional, FHA, FHA 203k, VA, USDA, CHFA, and many other bond programs in the states where they do business. Citywide is licensed in more than 35 states with offices across the country. Each has its own characteristics but they are all subject to evaluation in relation to your own financial situation.The loan process many times boils down to what you can afford. After evaluating your income, assets and employment, your Loan Consultant can give you an idea of the mortgage amount for which you may qualify. Citywide seems to focus on personal service, so they put a lot of emphasis on assigning a loan officer immediately. There is zero mention of any of their past sins. They are very clear about their ability to get customers approved for a loan.

Citywide operates a large company with many financial products available to their clients.

They have more loan options than most companies. Even as they are listing all their options, they add that if you don’t see the loan that’s right for you, don’t give up. They will custom design a loan that fits any customers’ needs. They have a specific program for those without the means to come up with the down payment. The program includes potential grants and loan options to cover the initial cash outlay associated with a new home purchase. Of course, Citywide also offers loan programs (FHA, USDA) that do not require down payments.

All loan companies that offer loans for a profit do so by charging fees for their services.

Some companies are more transparent about what those fees are and the law requires a certain level of transparency in lending fees and practices. For example, the Federal Truth in Lending law requires that all financial institutions disclose the APR when they advertise a rate. The APR is designed to present the actual cost of obtaining financing, by requiring that some, but not all, closing fees are included in the APR calculation.