Citi HomeRun Mortgage + Lender Credit - California

Citi HomeRun Mortgage + Lender Credit - California is a grant for homebuyers in California. HomeRun low down-payment mortgage (as low as 3%, no PMI) plus lender-paid credit up to $7,500 toward closing costs for eligible CA homebuyers in eligible areas. Credit does not require repayment. Up to $7,500 in assistance. non-repayable grant. Funding comes from Bank (CRA).

Citi HomeRun Mortgage + Lender Credit - California offers up to $7,500 in assistance. The program asks homebuyers to contribute 3% of purchase price (borrower minimum). The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Citi HomeRun Mortgage + Lender Credit - California is structured as a grant, so it is not repaid. Repayment is triggered by None (lender credit). The assistance is recorded in N/A (grant - no lien) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Citi HomeRun Mortgage + Lender Credit - California is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Contact lender for current credit score requirements. Residency requirement: Primary residence. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen.

Citi HomeRun Mortgage + Lender Credit - California sets its income limit as follows: Contact program provider for current income limits. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Citi HomeRun Mortgage + Lender Credit - California caps the purchase price as follows: Contact program for current purchase price limits. Eligible property types include Single-family (1-2 unit), conventional condominium, townhome, PUD. New construction is eligible. Manufactured homes are not eligible.

Citi HomeRun Mortgage + Lender Credit - California serves homebuyers purchasing anywhere in California.

Applications for Citi HomeRun Mortgage + Lender Credit - California go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Contact provider directly; subject to funding availability. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.