What if the money you needed to get into your next home came from a grant you never have to pay back? For the right buyer, that’s exactly what’s on the table with my listing at 11502 Hadley Street in Whittier.
This home qualifies for the City National Bank Ladder Up Home Loan Grant. That means a qualified buyer can receive up to $20,000 toward buying it. Here’s how it works, and how it could get you into this house with a lot less out of pocket.
The home
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It’s a Spanish-style home with a beautiful arched window in the living room, wood planked ceilings in the primary, a corner lot, owned solar panels, and it’s ready for its next owner.
The grant: up to $20,000 you don’t pay back
According to City National Bank, qualified buyers can receive up to $20,000 through the Ladder Up Home Loan Grant, and those funds never need to be repaid. You can put the money toward your down payment, toward your closing costs, or toward buying down your interest rate for a lower monthly payment. On a purchase like this one, that can be the difference between “someday” and “this year.”
What else comes with the program
- No mortgage insurance, no matter your down payment amount.
- A down payment as low as 3% on a one-unit home you’ll live in.
- Reduced loan origination fees.
What it takes to qualify
The grant isn’t automatic, and part of my job is being up front with you about that. City National’s requirements include:
- A 30-year fixed-rate mortgage.
- The home as your primary residence, with the loan in first position.
- A minimum 660 credit score.
- Income limits, which in Los Angeles County are high (currently up to $319,000 per household), so most buyers aren’t ruled out on income.
- A HUD-approved homebuyer education course.
Here’s the part most buyers never get to check off: this property is already confirmed eligible on the program’s side. The rest comes down to you and the lender, and I can connect you directly with City National’s Community Lending team to get your numbers run.
Let’s get you into this home
If you’ve been sitting on the sidelines because of the cash it takes to buy, this is worth a real conversation. Come see 11502 Hadley Street, and let’s find out what up to $20,000 in grant money could do for you.
Felipe Crook, eXp Realty Call or text: 323-417-8383 Book a showing: calendly.com/felipecrook Email: [email protected]
Program details are provided by City National Bank and are subject to change without notice. The Ladder Up Home Loan Grant is subject to credit and property approval, income limits, and other requirements. This is not a loan approval or a commitment to lend, and not all applicants will qualify. Borrowers may receive only one grant every 36 months. Grant funds may be taxable depending on your tax situation; consult a tax advisor. City National Bank, Equal Housing Lender, NMLSR ID# 536994. Felipe Crook is a licensed real estate agent (CA DRE #02047440) with eXp Realty and is not affiliated with City National Bank. Buyers are free to choose any lender.