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Citibank, N.A. HomeRun Mortgage

Citibank, N.A. HomeRun Mortgage is a grant for homebuyers in Statewide, California.

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The program asks for

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - HUD-approved homebuyer education
  • Sourced via Homebuyer Wallet (MULTI250074). Income at or below 80% AMI (rising to 120% AMI in some markets). $1% borrower personal contribution required. Closing-cost grant available in markets with Citi branches plus select census tracts in Atlanta, Austin, Cambridge, Dallas, Denver, Houston, Philadelphia.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

How to apply

  1. Take a homebuyer education course

    Required by the program, through Required - HUD-approved homebuyer education.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    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.

Questions about this program

What is Citibank, N.A. HomeRun Mortgage?

Citibank, N.A. HomeRun Mortgage is a grant for homebuyers in Statewide, California. 3% down payment mortgage with no PMI. DTI up to 43%. Considers gift funds and DPA from local/state programs. Low down payment 3% mortgage with no PMI. up to $7,500 closing cost assistance in select MSAs. Flexible credit underwriting for LMI borrowers. This is a nationwide program, so it is available beyond a single state or city. Funding comes from Citibank, N.A.

Do you have to pay it back?

Citibank, N.A. HomeRun Mortgage is structured as a grant, so it is not repaid. Repayment is triggered by per first mortgage terms. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Citibank, N.A. HomeRun Mortgage is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Required - HUD-approved homebuyer education. Sourced via Homebuyer Wallet (MULTI250074). Income at or below 80% AMI (rising to 120% AMI in some markets). $1% borrower personal contribution required. Closing-cost grant available in markets with Citi branches plus select census tracts in Atlanta, Austin, Cambridge, Dallas, Denver, Houston, Philadelphia.

What are the income limits?

Citibank, N.A. HomeRun Mortgage sets its income limit as follows: At or below 80% of area median income (HomeRun); up to 120% AMI in expanded markets. At or below 80% of area median income (HomeRun); up to 120% AMI in expanded markets. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Citibank, N.A. HomeRun Mortgage can be used for Single-family, Condo, Townhouse.

Where does it apply?

Citibank, N.A. HomeRun Mortgage is a nationwide program, so it is not limited to one state.

How do you apply?

Applications for Citibank, N.A. HomeRun Mortgage go through the administering agency. 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.

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Whether two programs can be combined is up to each agency. Ask before you apply.

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Program terms are set by the administering agency and can change; confirm on the official site before you apply.