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Loan Options

3% Down HomeReady Loans in Greater Chicago

Enjoy 3% down and flexible terms. Call us to learn more.

  • 3% down payment
  • Cancellable mortgage insurance
  • Easier qualification
  • Low rates
  • Quick approval & closing complete within 30 days
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What is HomeReady?

HomeReady is a Fannie Mae program that provides 3% down lending options for low to moderate-income borrowers.
HomeReady also offers interest rates below standard, flexible credit requirements, and reduced private mortgage insurance (PMI) rates.

Am I eligible for HomeReady?

Income limits do apply for the HomeReady program. If your income is less than or equal to the average median income in your
purchase area, you’re eligible. Or, if you’re purchasing in a low-income census tract, there are no income limitations. Contact us to see if you qualify in the area you’re looking to buy.

Is HomeReady right for me?

If you meet requirements, HomeReady is a great way to become a homeowner without a large down payment. Plus, the down payment can even come from flexible sources such as gifts or grants. Call us at 708-531-8388 to learn more.