3% down is so possible now

Citi's 3% HomeRun mortgage for first-time buyers

Saving a down payment is often the biggest barrier for first-time buyers. We have had 20% drilled into our brains forever, but that is not the rule. In fact, more than 80% of Nestment home buyers put less than 20% down!

While there are plenty of great lending options that require less than 20% down, this new program by Citi only requires 3% down for first-time buyers with some pretty awesome added benefits. Citi calls this their “HomeRun” mortgage, and it’s one of our favorites for a number of reasons. If you have good credit (above 620), but don’t have a huge down payment, this could be the mortgage that gets you into a home a whole lot sooner.

Why we like Citi's HomeRun mortgage for first-time buyers ❤️

• As little as 3% down.
• No mortgage insurance required (often required for mortgages when you put less than 20% down)
• Supports condos, CO-OPs, and co-buyers (friends and family buying together)

Who should consider Citi's HomeRun mortgage 🤓

• First-time buyers
• Have a credit score of 620 or more
• No fuss and predictable monthly payments

Considerations 🔮

• Loan limit max of $806,500 (AKA your home price needs to be under this)
• Interest rates are comparable to conventional loans but vary depending on your credit and finances.
• Works for single-family homes and duplexes but NOT for triplex (3-unit) or quadplex (4-unit)

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Let us help you determine if Citi’s HomeRun mortgage is a good fit for you!