Tuesday, November 1, 2016

Flexible Funding with HomeReady

Get familiar with Fannie Mae's HomeReady program, which gives low to moderate-income borrowers the opportunity to finance a home with a low down payment and innovative underwriting standards. Benefits include:

  • Low Down Payment: Finance with as little as 3% down

  • Flexible Sources of Funds: Funds may be used for the down payment and closing costs with no minimum contribution required from the borrower's own funds

  • Affordable Monthly MI: Qualify for reduced rate mortgage insurance that can be cancelled once the loan is under 90% LTV

  • Homeownership Resources: Borrowers can prepare for sustainable home ownership with the online Framework course

HomeReady is an excellent program for a diverse range of borrowers. For more info, or to see if you qualify, contact us here or at 708-531-8388.

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