3.5% down payment
580 credit score
620 credit score for self-employed applicants
Why City Lending? Welcome home.
Own your home, and the homebuying process. Let City Lending Inc help you get there.
Multiple Purchase Programs To Fit Your Families Individual Needs
We Offer Some Of The Lowest Down Payments & Interest Rates In The Nation
Highly qualified bilingual Loan Officers To Assist You and Your Family
We have multiple loan programs that adapt to your needs and profile. Find the right program that fits your needs then contact us. Or, call us and we’ll inform you about the differences within each.
Many business owners, self-employed individuals, investors, or commission-based employees may not have traditional income documentation that accurately represents their creditworthiness. This new program is the solution for them.
Low-down payment Financing Available for Special Situations
To qualify for a FHA Loan mortgage, only a 3.5% down payment is required of the total purchase value.
No Overlays: We underwrite based on FHA guidelines
Low Down Payments: 3.5% for 640+ credit scores
High DTI OK: 56.9% max DTI with 640+credit score
Ideal for First-time Homebuyers and for those with a good credit score, but lack enough money for a down payment.
Low Down Payments: 3% down for 620+ Fico
High DTI OK: 50% Max DU and 45% Max LP
The FHA 203k Rehabilitation Loan Product is a mortgage loan insured by FHA. This loan let you make home improvements on a old house that needs repairs, or completely reconstruct an unlivable property.
No Overlays: We will underwrite based on FHA Guidelines.
Low Down Payment: 3.5% down payment for 640+ FICO, 10% down payment for 580+FICO.
High DTI OK: Max DTI of 55% for 640+ FICO. Only for primary residences.
The Bank Statement Loan Program is remarkably easy. Why? Less documents are required; No tax Returns, Paystubs, or Work History are necessary. Just Bank Statements. This program gives self-employed borrowers the ability to qualify based on a 12 or 24-month deposit fee using their personal or business bank account.
Credit scores down to 620
Up to 90% LTV
DTI - 50%
VA Loans are designed to help service members and Veterans obtain financing at very reasonable rates. Our loan offers financing up to 100% of the home’s value with no maximum loan limit.
Only for military borrowers
Credit scores 600+
No mortgage insurance required
The Individual tax identification number or ITIN Number Loan Product is for foreigners or aliens who do not hold proper documentation or valid Social Security Number. Borrowers must provide legal permissions that certificate they are allowed to work in the United States.
As low as 15% Down Payment
Max DTI is 43%
Minimum loan size is $150,000
Why Should I Choose City Lending?
We guarantee premium customer service and assistance for you. Your home is our priority, and your happiness our mission. We’ll ensure the entire experience is a memorable one that will continue the joy of homebuying. We are so sure that you will have a pleasant experience that you will feel excited to tell family members and friends about us.
At the end, most of our customers become family.