Searching lenders and you will mortgage programs is best strategy to find the loan that is true to you personally
Citi administers the fresh HomeRun System and assesses your qualification into the program
This new Citi HomeRun Home loan Program allows individuals that have low-to-modest incomes to purchase mortgage loans and purchase residential property. The latest HomeRun Financial Program allows eligible consumers to acquire a property with a down-payment as low as 3.0% of the home purchase price to possess an individual home, 5.0% getting a flat or co-op and you may ten% having a-two tool property. Instead of other reduced if any down-payment financial programs, the HomeRun Program means individuals and then make the very least personal monetary contribution of just one% with the the deposit having a single home and you can 5% for a-two product house. The remainder portion of the down-payment can come of a good present Downieville Lawson Dumont loans otherwise down-payment advice system.
One of several key great things about the newest Citi HomeRun Program are you to borrowers commonly required to spend an upfront or constant personal financial insurance coverage (PMI) payment, and this decrease the settlement costs and full monthly casing debts just like the versus comparable software.
