City National Ladder UpSM 
Home Loan Program

Start Your Homeownership Journey

For nearly 70 years, our commitment to people and relationships has remained the starting point for everything we do.

Our community lending program provides borrowers with a mortgage program, online credit education and excellent service to help families and individuals ascend the ladder of financial success and wealth building.

We look forward to making the dream of homeownership a reality in the communities we serve.

Our goal is to expand the mortgage lending business by serving historically underserved borrowers through outreach, education, great programs, and excellent service.
Dr. Vanessa Montañez
Community Lending National Manager
City National Bank

Program Benefits

Our dedicated team of community lending mortgage bankers will work closely with you on your homebuying journey.

Low Down Payment

Down payment as low as 3%.1

Grant up to $15,000

Grant up to $15,000 or 3% of loan amount (whichever is less) that may be used for down payment, closing costs or buying down the rate.2

No Mortgage Insurance Required

Mortgage insurance is not required regardless of down payment amount.

Reduced Fees

Reduced loan origination fees.

Waived Maintenance Fee Checking Account

Qualified applicants may be eligible for a checking account with a waived monthly maintenance fee and other standard City National products and services.3

Purchase or Refinance

Loan may be used toward a home purchase or a rate/term refinance.

Program Eligibility Requirements

Talk with a community lending mortgage banker to find out if you’re eligible or learn more about the program requirements below:

  • 30-year fixed-rate mortgage loan.1
  • Property must be in a qualifying market in California, New York or New Jersey.
  • Must secure the loan with a first lien on a one- to two-unit home that is the borrower’s primary residence.
  • Minimum 680 credit score required.
  • Income limits apply and vary by area.4
  • Borrower must complete a HUD-approved homebuyer education course.

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1. 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. A minimum 15% down payment is required for all two-unit properties. Repayment Terms Example: A loan with a 3% down payment, $400,000 loan amount, and an APR of 8.00% (rate is a sample only) will have a monthly principal and interest payment of $2,897 for 360 months. This monthly payment does not include homeowner’s insurance or property taxes. Actual payment obligations will be greater.

2. 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 under the Program 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 the appropriate tax reporting form. City National does not give tax advice. You should consult with a tax advisor on the potential effects of this Program on your taxes.

3. Monthly Maintenance Fee is waived for an account owner who has received final approval of a Ladder Up Home Loan Program mortgage. Available to individuals, sole and joint owners. Limit one Personal Checking Account with waived Monthly Maintenance Fee per approved borrower. Ladder Up Home Loan Program available in qualifying majority-minority census tracts.

4. The Ladder Up Home Loan Program follows the loan limits published by the Federal Housing Finance Agency (FHFA), and these limits vary by location.

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 one- to two-family residential dwelling. Additional terms and conditions apply. Not all applicants will qualify. All stated rates, program terms and discounts are subject to change without notice.