City National Bank · Bank
City National Bank
Review published mortgage options and requirements, then request a personalized quote from the lender.
Key borrower, credit, property-use and reserve requirements have not been verified for this selection.
Availability: City National Bank does business in Florida as CN Bank. The official mortgage page provides a callback/inquiry form, not a completed loan application. Full lender state coverage is unstated; Hello Home grant markets must not be treated as the full mortgage footprint. All loans require credit and property approval.
Our take: Pros & Cons
What we like
- Eligible conforming single-unit homes may qualify for as little as 3% down when all borrowers live in the property.
- Fixed-rate, adjustable-rate and jumbo mortgages are offered; jumbo loans may be available to trusts and LLCs.
- Eligible Hello Home borrowers may receive a non-repayable grant up to $20,000 depending on property location, with no mortgage insurance requirement.
What to consider
- Down-payment minimums vary by loan balance, unit count and whether every borrower lives in the property; standard loans below 20% down require mortgage insurance.
- Hello Home requires a primary residence, minimum 660 credit score, HUD-approved homebuyer education and qualifying market; income limits and grant conditions apply.
- ARM rates can change after the fixed period; interest-only payments do not reduce principal and payments rise after that period.
AI-generated lender-level assessment based on published information. Not a verified assessment of Low Down Payments — Property use unverified — Option 2; confirm program-specific conditions below.
Additional lender considerations
- A dedicated residential loan consultant provides mortgage support.
- October 6 examples disclose APR and principal-and-interest payments but no interest rate; interest-rate pricing remains unconfirmed.
- SSN, ITIN, visa, foreign-credit, foreign-income and no-credit-history acceptance require lender confirmation.
Newcomer requirements
Low Down Payments — Property use unverified — Option 2
Fit not assessed · Check fit
Verified published requirements for this program. Rate-example assumptions are separate and do not establish eligibility or approval.
- Minimum down payment
- 5%
- Property restrictions
- For high-balance loans, the minimums are a 5% down payment for 1-unit properties, 15% down payment for 2-unit properties, and 25% down payment for 3- or 4-unit properties.
View full lender requirements
- Minimum down payment
- 5%
- Property restrictions
- For high-balance loans, the minimums are a 5% down payment for 1-unit properties, 15% down payment for 2-unit properties, and 25% down payment for 3- or 4-unit properties.
- Other conditions
- Mortgage insurance is required for loans with less than 20% down payment.
Questions to confirm with the lender (14)
These requirements have not been verified for this program:
- SSN
- ITIN
- U.S. credit history
- Foreign credit history
- No credit history
- Residency / visa
- Minimum credit score
- Income documentation
- Employment documentation
- Foreign income
- Foreign assets
- Reserves
- State restrictions
- Occupancy
Requirements last reviewed: Oct 26, 2026 · Official requirements source
Rates and costs
Low Down Payments — Property use unverified — Option 2
Rates are available on request
No reviewed advertised rate example is linked to this program.
How to apply
Low Down Payments — Property use unverified — Option 2
Document requirements are not confirmed. Ask the lender for its program-specific checklist.
- Confirm the program's identity, residency, credit and property requirements with the lender.
- Use the official application channel to request pricing for your actual scenario.
- Review the lender's written Loan Estimate, including costs and cash to close.
Published eligibility and availability do not guarantee approval. Confirm membership, relationship, property and occupancy conditions with the lender.
Sources and methodology
About this lender
City National Bank home purchase and refinance mortgages, including low-down-payment fixed-rate, adjustable-rate and jumbo loans, plus the RBC U.S. Mortgage Hello Home Program for eligible primary residences.
Legal lender: City National Bank
Lending channel: Direct lending
Provider type: Bank
Lending channels: Direct lending. Origination status: Active.
NMLS identifier: 536994
More lender directory information
Parent: Royal Bank of Canada. Former names: Not stated.
Direct application information ↗
City National Bank does business in Florida as CN Bank. The official mortgage page provides a callback/inquiry form, not a completed loan application. Full lender state coverage is unstated; Hello Home grant markets must not be treated as the full mortgage footprint. All loans require credit and property approval.
Directory verified: 2026-10-26 UTC · Official directory source ↗
Official mortgage terms · Profile reviewed: Oct 26, 2026
- Official lender source · Last checked Not confirmed
What do APR, points, LTV and reserves mean?
- APR
- An annualized borrowing-cost measure that includes interest and certain loan charges. Read it alongside the interest rate and fees.
- Discount points
- An upfront charge expressed as a percentage of the loan amount. Compare the quoted interest rate and the points together.
- LTV
- Loan-to-value: the loan amount relative to the property's value.
- Reserves
- Assets the lender may require you to retain after closing. Requirements differ by program.