You're Here: Home ::
Corporate Sponsors' Programs
We are proud to announce yet another innovative program as part of our ongoing efforts to help keep families in their homes. Beginning March 1, CitiMortgage customers meeting certain criteria who have recently lost their jobs will be eligible to participate in the Homeowner Unemployment Assist program. Often when families lose their homes, they are forced to downsize to a one- to two-bedroom rental residence. Under the Homeowner Unemployment Assist program, Citi will lower required monthly mortgage payments for the majority of qualifying customers to an average of $500 for three months. $500 is below the cost of the nationwide average rent for a one-bedroom residence.
As part of the Homeowner Unemployment Assist program, Citi will remain in contact with customers during the three-month period in an effort to sustain an ongoing dialogue while customers work toward long-term employment solutions. If the customer is not employed within three months, Citi will work with customers on a case-by-case basis to explore the best solutions for the customer. Those borrowers who do find employment during that period can resume their original monthly payments, or if eligible, receive a long-term loan modification under Citi's streamlined program adopted from the FDIC. For more information on our efforts around foreclosure prevention please visit: www.mortgagehelp.citi.com.
