HomeReady Mortgage

“I want a low down payment loan with flexible funding.”

• Low income
• Looking to purchase or refinance
• First-time or repeat homebuyers
• Limited cash for down payment
• Credit score ≥ 620; borrowers with credit scores ≥ 680 may get even better pricing
• Supplemental boarder or rental income
• Can own one other property at closing
• Reduced mortgage insurance

The HomeReady™ Mortgage allows for down payments as low as 3% and, for most properties, all of the down payment funds can come from sources other than your own savings like a gift or grant. It’s an affordable mortgage options designed to help homeowners sustain their mortgage payments for the long run. We can help you understand your eligibility.

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Calculators

Feel like crunching some numbers on your own? Check out our mortgage calculators!