Origination fee of $750 WAIVED!
Down payment and closing cost assistance up to $10,000 for 2023
As little as $1,000 out-of-pocket expenses
Home Buyer Education. Click here to take the course now.
Fannie Mae HomeReady loan program is available to assist borrowers with low to moderate income buy or refinance a home by reducing the standard down payment and mortgage insurance requirements.
To be considered a first-time homebuyer, a homebuyer must be in one or more of the following categories:
An individual and his or her spouse who has had no ownership in a principal residence during a three-year period ending on the date of the purchase of the property.
An individual who is a displaced homemaker and has only owned a home with a spouse.
A single parent who has only owned a home with a former spouse while married.
The homebuyer(s) must complete a counseling/education program prior to the loan closing.