""CitiMortgage"":https://www.citimortgage.com/Mortgage/Home.do announced Thursday the launch of its proprietary ""Citi Military Road to Recovery Tour"" designed to help current and former Armed Services members who need assistance with their mortgages.[IMAGE]
The tour will feature five homeowner-support events near military bases all around the United States.
At these events, Citi's Homeowner Support Travel Team of mortgage experts and HUD-approved housing counselors will have individualized discussions with both current service members and veterans. The first event will take place in San Diego, California on June 29.
Citi also announced its Citi Military Permanent Change of Station (PCS) Transfer Assistance Program, a reduced payment program for qualifying service members who have PCS orders.[COLUMN_BREAK]
Service members required to relocate who have CitiMortgage-owned first mortgages may have their monthly payments on non-escrowed loans reduced to $250 (or to their escrow payment only on escrow loans) for a six-month period.
""Military families face many unique obstacles when it comes to purchasing and maintaining a home. With the Fourth of July approaching, we're glad to offer further support for our troops who sacrifice so much for all of us,"" said CitiMortgage CEO Sanjiv Das.
""We would like to thank the military and veterans organizations and other individuals who have so generously offered their time and expertise to help us in our efforts,"" he added.
Military Road to Recovery events are hosted by Citi along with local non-profit housing counseling groups in each market.
For the San Diego event, Citi is working with Housing Opportunity Collaborative, a Southern California non-profit that seeks to promote equal access to housing for all people in the region.
Other stops on the tour include: Norfolk, Virginia; San Antonio, Texas; and Columbia, South Carolina.
Military Road to Recovery events are open to all former and current members of the Armed Services, and participants do not have to be CitiMortgage customers to attend.
Citi encourages any military mortgage borrowers who have missed payments in the past or think they will in the future to attend.