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Built for today’s home buyers.

Our low down payment mortgage designed to help lenders confidently serve today’s market of creditworthy low- to moderate-income borrowers.

Ideal HomeReady Borrowers

  • Have low to moderate income
  • Are first-time or repeat homebuyers
  • Have limited cash for down payment
  • Have a credit score ≥ 620; borrowers with credit scores ≥ 680 may get even better pricing
  • Have supplemental boarder or rental income
  • Are looking to purchase or refinance

Cancellable Mortgage Insurance*

Unlike government-insured loans, with HomeReady, borrowers may have the option to cancel their mortgage insurance once their home equity reaches 20%. This can result in lower monthly payments down the road

*Restrictions apply.

Flexible Funding

With HomeReady, cash for down-payment and closing costs can come from multiple sources, including gifts, grants, and Community Seconds ® – with no minimum personal funds required.

HomeReady Quick Start Guide

Everything you – and your borrowers – need to jump in and get HomeReady®

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The Basics

Start at the beginning with the HomeReady Fact Sheet and our Why Choose HomeReady Mortgageoverview, which includes a comparison with government-insured loans.

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The Borrower

Use our Checklist to assess whether your borrower is a good candidate for HomeReady mortgage before getting started.

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The Details

Once you’re ready to dive deep, read through our FAQs to get the lowdown on features, requirements, and benefits of HomeReady. Then check out our Product Matrix to help you understand eligibility, underwriting, and pricing guidelines for various property types.

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Talking Points

Have your clients stopped the home-buying discussion? Give them something to talk about with these Conversation Starters.

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Knowledge is power! Learn How to Fulfill the Homeownership Education Requirement through Framework to help prepare your borrowers to successfully purchase and own a home. Plus, share Fannie Mae resources like 8 Steps to Buying a Home with clients who may need help getting started with the home-buying process.


Visit our Marketing Center for customizable HomeReady marketing materials, check out the Income Eligibility Lookup Tool to see HomeReady income limits by property address, or take one of our eLearning courses, How to Originate and Deliver HomeReady Mortgages or HomeReady Overview for Loan Officers