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.

Features:

• 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