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Nice colonial style home
Nice colonial style home

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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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.

Calculators

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

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Equal Housing Lender LogoALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org)
Licensed in AL, CO, DC, FL, GA (License #42101), KY, MD, NC, OH, PA, SC, TN, VA, WV | 308 Market St SE, Roanoke, VA 24011

Equal Housing Lender LogoALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org)
Licensed in AL, CO, DC, FL, GA (License #42101), KY, MD, NC, OH, PA, SC, TN, VA, WV | 308 Market St SE, Roanoke, VA 24011