Has anyone done their mortgage with Citi Law Firm Group? I got an email today and their rates look good but not sure how legit it is.

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They are legit. They’re not as competitive for refi, so I’m no longer with them, but they have some great options for purchases.

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I got that email this week and was wondering the same thing. What’s the catch? Lol way better than my preapproval from Chase

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Only for primary home or also secondary?

I was quoted 15% down payment with 6 months reserves, no PMI on a 5% rate. 1% fee for mortgages under $700k. You can find better rates, but generally a solid option if you have the cash on hand. They have 10-year interest only options too. Depends on the firm, but not all associates qualify, some must be a partner.

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I used Citi Private Bank for my mortgage and it was fine. They had good rates and I got 10% down with no PMI.

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They could be targeting high net worth individuals (or big law associates) with an actual good offer with the goal being to get you to do more of your banking and investing with them. It doesn't necessarily have to be a catch. You may have to open a Citi bank account to make the mortgage payments and carry a minimum balance to keep the low rate.

It's somewhat similar to what First Republic does for student loans refinancing. I used them to refinance my student loans with no or almost no interest but didn't do any other banking with them and shut my account when the loan was paid off.

This is exactly what they do. It used to be run through Citi Private Bank.

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I got my mortgage last year, but at the time, I believe offered about 25 bps lower than the market rate if you used citi private banking/had the firm connection (and many firms do have it). Chase couldn’t provide a mortgage with that low of a rate. First republic also could not

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