What are the eligibility requirements for a CitiMortgage loan?

To be eligible for a CitiMortgage loan, several requirements must be met. Firstly, individuals must have a stable and verifiable source of income, ensuring their ability to repay the loan. Secondly, a good credit history is crucial, with a minimum credit score of typically 620 or higher. Additionally, applicants should have a manageable debt-to-income ratio, usually below 43%. Both first-time homebuyers and existing homeowners can apply, although specific loan programs may have additional criteria. Other factors taken into consideration include the property's value, location, and purpose - whether it is intended for a primary residence, vacation home, or investment property. Each loan application is evaluated on an individual basis, considering these factors to determine eligibility. A consultation with a CitiMortgage loan officer can provide personalized guidance and assistance throughout the process.