Fannie Mae HomeReady Loans
Fannie Mae HomeReady is a fixed-rate, affordable housing program for creditworthy, low-to-moderate income borrowers offering up to 97% financing.
- Up to 97% financing
- Ideal for low to moderate income borrowers
- Affordable and cancellable monthly mortgage insurance
- Cash for down-payment and closing costs can come from multiple sources including gifts, with no personal funds required
- Homeownership education. The online Framework® course prepares borrowers for sustainable homeownership; other education and housing counseling options are available