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Old 03-25-2015, 02:41 PM
 
595 posts, read 377,315 times
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The mortgage lender I spoke with mentioned a Citibank mortgage called "Home Run." Attached is a link:

http://nahrep.org/downloads/Citi_Home_Run_Program.pdf

I could not find much information on this and I am curious if the "benefits" are really "benefits" or just a play on number's as the interest rate would more then likely be higher then a conventional loan. I did, however, find a lot of complaints against Citibank mortgages on Consumer Reports, in general, which was a major turn off. This mortgage lender was pretty adamant that the rates are the same and/or lower then a conventional loan through another bank. Some of the benefits of a "Home Run" mortgage:

No PMI
$1,500.00 credit offered through Citibank, with a possible $3,000.00(not very likely)
Low interest rates

I am already approved with my personal bank for a conventional mortgage. It's a very straight forward loan, no "offers." It has also been suggested to shop around, which I know to do as I am not a first time buyer.

Has anyone used this program, worked with or have experience with the "Home Run" mortgage?
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