Fannie Mae’s HomeReady mortgage is a lifeline for creditworthy, low- and moderate-income borrowers seeking to purchase or refinance a home. It offers the security of a Conventional loan with potential cost savings on mortgage insurance. Qualifying for a HomeReady mortgage can be easier thanks to a lower down payment option and flexible sources of down payment funds.

Program features

  • FICO 620
  • Loan amounts up to $806,500
  • DTI up to 50%
  • Primary residence
  • Homebuyer education is required for first-time buyers

Why choose our Fannie Mae HomeReady?

  • Temporary rate buydowns available
  • Gift funds allowed
  • Cancelable MI

Contact Us Today! To learn more and start offering these exceptional options to your clients!

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