Loan Programs
The following is a partial list of programs offered by Citywide Home Loans, a Utah Corp with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 801-747-1220.
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Conventional
Traditional loan programs that usually require 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.
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Utah Housing Loans
100% Financing available. First time Homebuyers. These low cost, low interest mortgage loan enable more people to invest in their own homes.
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Rural Housing Loans
100% Financing available. Low- and moderate income people can qualify for mortgage without a down payment.
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Home Renovation Loan
Click here to learn more about the Home Renovation Loan.
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Jumbo Loans
Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation.
Cash out and No cash out refinance are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.
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Investor Loans
Used to finance 1-4 family properties that will be for investment with as little as a 10% down payment. Aggressively priced, these programs have many variations, including: No Doc, Limited Doc, and Full Doc. Program may not be available in some states.
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FHA Mortgage
Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3.5% down payment - and they can even finance "allowable" closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.
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VA Mortgages
Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person.
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