Citadel Servicing Corporation (CSC) is dropping rates by 0.25%, the company has announced. The reduction follows the Federal Reserve’s announcement that it would cut the benchmark interest rate.
The drop will be across all programs, including CSC’s unique ODF+ and one-month bank statement programs. CSC also recently updated its programs to allow borrowers to qualify for loan amounts of up to $5 million by providing on month or 12 months of bank statements.
“The market is continuously changing, and as industry leaders we have to adapt,” said Kyle Gunderlock, president and CEO of CSC. “This change further positions CSC as the top non-QM lender/servicer in the country. Our business model allows us to be flexible and focused on what the needs of the customers are. This is a great time to purchase or refinance, and we are more than happy to help our customers do just that with great programs, exceptional service and still the best rates in the non-prime/non-QM universe.”