HomeReady Loan by Fannie Mae
Our low down payment HomeReady® mortgage is ideal for credit worthy low-income borrowers that don't fit into standard mortgage options.
- Low income borrowers
- First time or repeat homebuyers
- Down payments as low as 3% with funds coming from multiple sources including gifts, grants from lenders or other eligible sources.
- No minimum personal down payment funds required.
- Requires first time buyers to complete home ownership education