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CrossCountry Mortgage Community Promise

Statewide, California

Last verified
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Repayment

Grant

Not repaid

What is 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.
  • Funding comes from CrossCountry Mortgage.

Do you have to pay it back?

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.

Who qualifies?

CrossCountry Mortgage Community Promise is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - HUD-approved
  • Sourced via Homebuyer Wallet (US20250001). Available nationwide via CrossCountry. Targeted to LMI borrowers and properties in eligible census tracts (SPCP).

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

What are the income limits?

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.

What kind of home can it be used for?

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

Where does it apply?

CrossCountry Mortgage Community Promise serves buyers purchasing in Statewide, California.

  • The program targets specific areas: Eligible LMI/SPCP census tracts.

How do you apply?

Applications for CrossCountry Mortgage Community Promise go through the administering agency.

  1. Take a homebuyer education course

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

  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 buyer can take it to a lender or housing counselor.

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