Fannie Mae HomeReady™ Loan Program
HomeReady loans are ideal for home buyers with limited savings, and the down payment and closing costs can be paid from sources other than your own funds.
A HomeReady mortgage allows co-borrowers who don’t live in the home to be included on the mortgage, such as parents or others who want to help. Plus, extended family or other household members’ income can help you qualify—even if they aren’t on the mortgage.
HomeReady’s private mortgage insurance may cost less over time and may be eligible to be canceled once 20% home equity is reached, unlike mortgage insurance on government-insured loans. Convenient online education prepares you to buy and own a home for the long run.
Interested in learning more about a Fannie Mae HomeReady mortgage? Download our flyer to find out more!