“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.
Discover all of the mortgage options, and find the loan that fits your needs!
Home Buyer Tools
Get all the knowledge and resources you need to buy and maintain a home.
Feel like crunching some numbers on your own? Check out our mortgage calculators!