If you have a lower down payment or credit score, Federal Housing Administration (FHA) loans, Veteran Affairs (VA) Home loans or a HomeRun mortgage could help you buy a home. Or if your home has a high value, you might need a jumbo loan.
An FHA loan is a mortgage insured by the Federal Housing Administration (FHA). This government-backed program offers lower down payments and fewer credit score restrictions than conventional mortgages. FHA loans are available as both fixed rate and adjustable rate mortgages.
Interested in or have questions about FHA loans? Call 1-800-248-4638 to speak with a Citi mortgage representative.
If you're a current or former member of the U.S. Armed Forces or a surviving spouse of a service member, you could qualify for a Veterans Affairs (VA) home loan. This is a mortgage guaranteed by the Department of Veterans Affairs.
VA loans often have lower interest rates, mortgage closing costs and down payment requirements than conventional loans.
Interested in or have questions about VA loans? Call 1-800-248-4638 to speak with a Citi mortgage representative.
With low down payment options, affordable monthly payments and flexible credit guidelines, a HomeRun mortgage may help you fulfill your homeownership dreams.Learn more about HomeRun
Loan amounts that stay within the limits set by the Government-Sponsored Enterprises (GSE) Fannie Mae or Freddie Mac are called conforming loans. Jumbo loan amounts are larger than those limits.
These are the general conforming loan amounts, but may be adjusted higher depending on the property location.
Sometimes require a larger down payment and lower loan-to-value (LTV) ratio than a conventional mortgage.