HomeReady® 3% Down
Lenders can confidently serve today’s market of creditworthy, low- to moderate-income borrowers, with expanded eligibility for financing homes in low-income communities.
- Not just for First Time Home buyers
- May own other residential property
- Up to 97% LTV 1 unit purchase
- Up to 95% rate and term refinance (97% FNMA to FNMA Dec 2016)