City National Bank is introducing a new mortgage program to help individuals and families in eligible areas purchase or refinance a home. The Ladder Up Home Loan Program, which is offered to more than just first-time homebuyers, is available for specific and qualifying geographies in Southern California, New Jersey and New York.
Ladder Up provides borrowers with grant assistance, a mortgage program, credit education and excellent service to help families and individuals ascend the ladder of financial success and wealth building. Furthermore, it offers significant financial benefits such as a grant up to $15,000 or 3% of the loan amount that may be used for a down payment, closing costs or buying down the rate. In addition, no mortgage insurance is required regardless of the down payment amount.
“Homeownership strengthens our communities and can help individuals and families build generational wealth over time,” says Vanessa Montañez, D.E.L, senior vice president and head of community lending. “We are committed to transforming lives by providing accessible financial solutions and educational resources that empower individuals to embark on a journey toward financial prosperity.”
Photo by Suzy Hazelwood