With HomeReady, creditworthy low to moderate-income borrowers can now get the financing they need to purchase their home. Home Ready loans typically offer the benefits of lower interest rates and a lower mortgage insurance rate. And the best part is, you do not have to be a first time home buyer!
• One borrower must complete an online Homebuyer Education course
• See income eligibility requirements in your area at:
Home Ready Highlights
• Down payments as low as 3% – can come entirely from a gift!
• Use flexible sources of funds for the down payment and closing costs (gifts, grants, Community Seconds®)
• Non-occupant co-borrowers are allowed
• Rental income can be used to qualify
• Lower monthly mortgage insurance requirement
Please contact us today to talk more.