Ladder Up Home Loan Grant
Start Your Homeownership Journey
City National's incredible Ladder Up Home Grant Program unlocks the door to your dream home with amazing financial support designed to make homeownership a reality!
Benefits
Down payment as low as 3%
Grant up to $50,000 that may be used for down payment, closing costs, or lowering your rate
No mortgage insurance required
Reduced loan origination fees
Loan can be used toward a home purchase or a refinance
Eligibility Requirements
30-year fixed-rate mortgage loan
Property must be in a qualifying market in California, New York, or New Jersey
Must secure the loan with a first lien on a one- or two-unit home that is the borrower’s primary residence
Minimum 660 credit score required
Income limit in L.A. County is $296,000 (couples may not need to report dual income)
Borrower must complete a HUD-approved homebuyer education course
