Special offer


Mortgage and Lending with Citibank, N.A. NMLS#313280

As a Home Lending Officer for Citibank, I would like to share with you information about a popular portfolio loan program that we have to offer your clients purchasing a new home for the first time or trading up into a larger home.  As you may be aware with the new Qualified Mortgage programs the maximum loan to value on a Conventional loan is 95% or FHA is 96.50% but both of these loans have a monthly mortgage insurance premium which these days can be expensive and thus reduces your clients borrowing power and so I would like to share with you information about the CitiBank HomeRun Loan.   The HomeRun loan is a CitiBank portfolio product that offers the following:


• 97% financing available for Single Family Homes & 95% Condos and Co-op's.

• 1%  or 3% borrower contribution required

• No Mortgage Insurance

• Alternative credit evaluation allowed for borrowers with limited or no credit history

• Available for purchase transactions

• Eligible properties include condos, co-ops, PUDs

• 1 to 2 month reserves required

• 3% seller contribution on CLTVs greater than 90%

• Minimum credit score of 640 SFR and 660 for Condos & Co-op's are required

• Income limited to 80% of area median income & No income limit in select areas.

• Conforming loan limits apply

• Available for purchase transactions

• Owner occupied only (cannot own other property at closing


The HomeRun Loan offers a very competitive rate and usually has a lower monthly payment than other conventional loans or FHA loan because there’s no monthly insurance premium thus the homebuyer may qualify for a slightly higher loan amount.  In addition, the homebuyer may qualify for up to $3,000.00 in Closing Cost Assistance from Citibank.


To learn more about this program, please give me a call at 202.642.4305 or email me at noel.shepherd@citi.com.


Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I just asked my Citibank rep to call me for one of my clients thank you for the info.

Jan 12, 2014 12:35 AM
Noel Shepherd
Citibank, N.A. - Washington, DC
Home Lending Officer

Happy to share information with you.  If your rep does not respond to you then I'm happy to assist.  I can do loans nationwide.

Jan 12, 2014 12:40 AM