Built for today’s home buyers.
The HomeReady® mortgage by FannieMae was built to meet the diverse needs of today’s home buyers. Designed to help low-to-moderate-income borrowers with good credit, HomeReady offers expanded eligibility for borrowers who may not qualify for traditional financing.
Low Down Payment
HomeReady offers down payment options as low as 3% on home purchase and refinance transactions.
Pay your down-payment and closing costs using multiple sources of funds. No minimum personal funds required.
Learn essential tips for buying a house with HomeReady’s Framework course. When you close your loan with Citadel you will be reimbursed the $75 registration fee.
- Financing Available Up to 97% – Borrow up to 97% loan-to-value (LTV) for a single-family home.
- Cancellable Mortgage Insurance* – Enjoy the option to cancel your mortgage insurance and pay lower monthly payments down the road. Restrictions apply.*
- Housing Counseling – receive customized assistance from a HUD-approved nonprofit counseling agency.