HomeReady Loans

HomeReady is a loan program designed to extend the privileges of home ownership to buyers with limited household incomes. You may be able to buy a home with little or no money out of your pocket by using gift funds provided by your family members.
HomeReady can be used to purchase or refinance single-family homes as long as the borrower meets the income limits of the property location.

Credit as low as 620
3% down payment
Borrower is not required to be a first-time buyer
Non-traditional credit is allowed
Homeownership education requirement
The HomeReady mortgage homeownership education requirement is designed to help borrowers prepare for sustainable homeownership.