CSU offers a special mortgage program through CitiMortgage that is primarily targeted to assist moderate to low income households and employees making investments in moderate to low income census tracts as defined by the U.S. Department of Housing and Urban Development (HUD).

Employees that purchase or refinance their homes through CitiMortgage will be eligible to receive either a credit at closing of the application fee paid at the time of origination, or a credit of the appraisal and credit report fees if an application fee is not collected.

In addition, CitiMortgage will provide opportunities for 100% loans at 80% loan-to value rates, avoiding private mortgage insurance rate premiums, when leased land from campuses and/or affiliates is involved.

Effective immediately, the main contact for CitiMortgage is:
Amarilis Blackwood, National Affordable Housing Development Director.
She can be reached at:
Community Mortgage Lending Group
Citibank, N.A.
1 Court Square, Floor 45; Zone 14
Long Island City, NY 11120
(718) 248-2485 (office)
(718) 248-2750 (fax)
amarilis.blackwood@citigroup.com

For additional details regarding the Mortgage Assistance program, please refer to HR/Benefits 2005-01.