HomeReady provides flexible funding for a down payment and closing costs can come from multiple sources with as little as a 3% down payment requirement.
Ideal borrowers include those with low income and limited cash for a down payment.
Program Highlights
- Owner Occupied Primary Residences
- Purchase and Refinance
- Max 97% LTV, 1- unit, Fixed Rate
- Property Inspection Wavier per DU
- W2 Only Programs available
- 1 Year tax Returns per DU or LP Feedback
- Max DTI per DU and LP
- Blended Ratios with Non-Occupant Co-Borrower
- Transfer Appraisal Ok
- Follows Conforming Loan Limit Guidelines
Contact your Account Executive for more information.