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New HomeReady features offer increased access to homeownership. With a low down payment and expanded financing flexibility, HomeReady offers an ideal solution that works for today's creditworthy low-income borrowers-whether they're first-time or repeat buyers.
Down payments as low as 3%. Flexibility to fund down payment and closing costs from multiple sources, including gifts, eligible grants, and Community Seconds ®. Accepts additional income sources like rental payments or boarder income.
HomeReady mortgages are home loans financed through the Federal National Mortgage Association (Fannie Mae). A HomeReady loan helps borrowers with low to moderate income buy or refinance a home by reducing the standard down payment and mortgage insurance requirements.
HomeReady mortgages are a type of conventional loan backed by Fannie Mae for lower-income borrowers. They offer a low 3% down payment option and reduced mortgage insurance premiums, and allow...
Why Choose HomeReady Mortgage? Learn how you can help creditworthy, low-income borrowers get into homes for. as little as 3% down. Download.
Looking for a low down payment mortgage? Fannie Mae's HomeReady allows borrowers to purchase a home with just 3% down, which is even lower than an FHA loan.
HomeReady is a Fannie Mae program for low-income borrowers. It offers low down payments, low financing costs, and low mortgage insurance costs. Borrowers have flexibility in obtaining the...
Knocking down barriers for first-time homebuyers. With $5,000 down payment or closing cost assistance and free homeownership education, HomeReady ® First lowers barriers for creditworthy first-time homebuyers.
A HomeReady mortgage is a first mortgage, purchase money, or limited cash-out refinance transaction for one- to four-unit properties used as the borrower’s principal residence. Eligible properties include: one-unit properties, including manufactured housing, and units in condos and PUDs;
HomeReady Mortgage Product Matrix. Designed for creditworthy low-income borrowers, HomeReady® lets you lend with confidence while expanding access to credit and supporting sustainable homeownership. Key features include: . Affordable, conventional financing with cancellable mortgage insurance (restrictions apply)