CrossCountry Mortgage Community Promise

CrossCountry Mortgage Community Promise is a grant for homebuyers in Statewide, California. Lender credit/grant; combined with conventional first mortgage. Targeted to underserved tracts. Up to $4,000 lender credit for closing costs. Special Purpose Credit Program for borrowers in eligible LMI/SPCP census tracts. This is a nationwide program, so it is available beyond a single state or city. Funding comes from CrossCountry Mortgage.

CrossCountry Mortgage Community Promise is structured as a grant, so it is not repaid. Repayment is triggered by none (lender credit). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

CrossCountry Mortgage Community Promise is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Required - HUD-approved. Sourced via Homebuyer Wallet (US20250001). Available nationwide via CrossCountry. Targeted to LMI borrowers and properties in eligible census tracts (SPCP).

CrossCountry Mortgage Community Promise sets its income limit as follows: Per CrossCountry SPCP guidelines. 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.

CrossCountry Mortgage Community Promise can be used for Single-family, Condo, Townhouse.

CrossCountry Mortgage Community Promise is a nationwide program, so it is not limited to one state. The program targets specific areas: Eligible LMI/SPCP census tracts.

Applications for CrossCountry Mortgage Community Promise 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.