Mortgage partners aiming to make dreams come true

Real Estate Weekly, April 13, 2005

CitiMortgage and HouseRaising, Inc. have joined together to deliver mortgage loan financing to HouseRaising homebuyers.

The mortgage loan financing program, exclusively designed by CitiMortgage for clients of HouseRaising, will provide an extensive suite of mortgage and construction loan financing.

Through this partnership, CitiMortgage will be the sole and exclusive lender participating with HouseRaising and will have the right of first offer on all construction and permanent mortgage loans to HouseRaising customers.

"This partnership provides individuals and families with the means to achieve their homeownership dreams," said Fred Bolstad, senior vice president of CitiMortgage's retail lending business. "It's our goal to provide as many outlets for homeownership as we can, so we are thrilled to partner with HouseRaising to make dreams a reality for people throughout the country."

"We are privileged to join forces with CitiMortgage and to form an alliance with one of the world's most prominent and formidable financial institutions," said Charles Skibo, chairman and CEO of HouseRaising. "Because of their broad range of lending options and national geographic presence, CitiMortgage is ideally suited to meet the growing needs of both HouseRaising and its customers."

The CitiMortgage Program specifically developed for clients of HouseRaising features a single closing process, fixed rate financing, flexible reserves for change orders, a built-in review of the contractor and construction/renovation project and a range of payment options.