Fannie Mae's HomeReady Loan Program

Fannie Mae's HomeReady Mortgage has a variety of options to help low and moderate income borrowers purchase a home, including low down payment and eligiblity for community seconds or standard subordinate financing.

  • As little as 3% down payment
    • No money down payment option available if the loan is combined with a community second mortgage
  • Community seconds or closing costs grants can be used
  • Credit scores as low as 620
  • Owner occupied 1-4 units, condos, and PUDs
  • For single family residences, there is no minimum borrower funds contribution (all gift funds are acceptable)
  • Homeownership education course is required for first-time home buyers

Fill out our Quick Quote on the right and one of our specialists will contact you. No credit check needed.