Citibank Mortgage up to $2,500 First Payment Refund with Citibank Checking Account

Citibank is offering a first month’s mortgage payment refund for up to $2,500 when you get a Citi mortgage and set up automatic payments from a linked Citibank checking account, available through November 30, 2012.

Just set up automatic payments from your Citibank checking account to your Citibank mortgage to receive up to a $2,500 refund on your first payment.

New and existing customers can qualify when you:

1. Obtain a new home purchase mortgage loan from Citibank.

2. Open or maintain a personal Regular Checking account in the Basic Banking, The Citibank Account, or The Citigold Account Packages.

3. Sign up for automated monthly debit of the mortgage payment from your Citibank checking account.

The cash bonus will be deposited to your linked Citibank checking account within 90 days of the end of the statement period in which you meet the qualifying requirements.

Check out this Citibank Mortgage Promotion for more details on obtaining a Citibank mortgage.

Citi Mortgage Promotional Details

Within 90 days of making your first mortgage payment, the equivalent of the principal and interest portion, for up to $2,500, will be deposited into your linked Citibank Checking Account.

This is a 1-time cash bonus and will not include a refund of the escrow portion of the monthly payment for taxes or insurance.

To receive the cash bonus, you must make your first and subsequent mortgage payments on time, and the mortgage must not otherwise be in default.

In addition, your linked checking account must be open and in good standing at the time that the cash bonus is deposited to that account.

Participation is limited to citizens or resident aliens of the United States with a valid U.S. taxpayer identification number.

For tax purposes, the cash bonus will be treated as an offset or refund of mortgage interest paid and will be reported to the IRS as such on Form 1098 in the year paid by Citibank.

This offer is not applicable on Home Equity Loans, Lines of Credit, or mortgage refinances.

Take advantage of this Citibank mortgage promotion to get up to $2,500 refunded on your first month’s mortgage payment.