Whether you're buying your first home or planning your next move, the RBC U.S. Mortgage Welcome Home Program is designed to help make buying a home feel more attainable. With support from a dedicated mortgage team and resources to help you navigate the process, we're here to help you on your homebuying journey.
Our dedicated team 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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Homebuying Resource Center
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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, the property must be located in a qualifying market in California, Florida, Georgia, Maryland, Nevada, New Jersey, New York, Tennessee, Virginia, Washington, Washington DC or West Virginia.
2 Down Payment Requirements: A minimum 3% down payment applies only if the property has 1-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 July 14, 2026, a loan with a 3% down payment, $400,000 loan amount, and an APR of 6.76% will have a monthly principal and interest payment of $2,567 for 360 months. This monthly payment does not include homeowner’s insurance or property taxes. Actual payment obligations will be greater.
3 Grant amount is determined by property location and area median income limits. Income limits do not apply if the property is located within a low- or moderate-income census tract. Maximum grant amount ranges from $7,500 to $20,000 depending on the property location.
4 Monthly Maintenance Fee is waived for an account owner who has received final approval of a RBC U.S. Mortgage Welcome Home Program Loan. Available to individuals, sole owners and joint owners. Limit one Personal Checking Account with waived Monthly Maintenance Fee per approved borrower.
Non-Deposit Investment Products: • Are Not FDIC Insured • Are Not Bank Guaranteed • May Lose Value
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