Our home loan grant, online credit education and excellent service help families and
individuals ascend the ladder of financial success.
Our dedicated team of Community Lending Mortgage Bankers will work closely with you on your homebuying journey.
“Our goal is to expand the mortgage lending business by serving historically underserved borrowers through outreach, education and excellent service.”
Vanessa Montañez, D.E.L.
Community Lending National Manager
City National Bank
NMLS #303448
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From understanding your goals to coming up with creative solutions, we’re here
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Homebuying Resource Center
Our online resources can help simplify your path to homebuying. We’re here to help you on your journey.
All loans and lines of credit are subject to credit and property review and approval. Loans must be secured by a first lien on a 1- to 4-unit residential dwelling. Additional terms and conditions apply. Not all applicants will qualify. All stated rates, terms and discounts are subject to change without notice.
1 If receiving a grant, you may not receive cash back at closing. Lender grant is available only on closed transactions when all conditions have been met. Borrowers may receive only one grant every 36 months. This grant is non-transferrable, cannot be applied retroactively, and may not be redeemed for cash. Additional terms and conditions apply. This is not a loan approval or a commitment to lend. Depending on your tax situation, the grant may be taxable income to you. If taxable, City National will send a tax reporting form. City National does not give tax advice. You should consult with a tax advisor on the potential effects of the grant on your taxes. To be eligible for a grant up to $20,000, the property must be located in a qualifying majority-minority census tract in California, New York or New Jersey.
2 Down Payment Requirements: A minimum 3% down payment applies only if the property has one unit and all borrowers live in the property. A minimum 5% down payment is required if the loan has a borrower who does not live in the property and for all 2- to 4-unit properties. As of May 5, 2025, a loan with a 3% down payment, $400,000 loan amount, and an APR of 7.15% will have a monthly principal and interest payment of $2,667 for 360 months. This monthly payment does not include homeowner’s insurance or property taxes. Actual payment obligations will be greater.
3 Monthly Maintenance Fee is waived for an account owner who has received final approval of a Ladder Up Home Loan Grant. Available to individuals, sole owners and joint owners. Limit one Personal Checking Account with waived Monthly Maintenance Fee per approved borrower.
4 The Ladder Up Home Loan Grant follows the loan limits published by the Federal Housing Finance Agency, and these limits vary by location.
Non-Deposit Investment Products: • Are Not FDIC Insured • Are Not Bank Guaranteed • May Lose Value
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