HomeReady® Mortgage

The HomeReady® mortgage program is designed to help you affordably sustain your mortgage payments for the long term, so your home can also be an investment for the future.

HomeReady offers flexible options not found in other mortgages and may help you afford a home sooner. Plus, convenient online education is available to help prepare you to buy and own a home for the long run.

With low down payment requirements, the ability to pool financial resources from all members of your household, and the option to use gift funds from relatives for your down payment, qualifying for a home is now easier than you may think!

All loans are subject to credit approval.

Example of 97% LTV (3% Cash Down) HomeReady® Loan Program with $270,000.00 sales price. $261,900.00 loan amount – 30-year fixed rate loan with zero points based on 360 monthly payments at $1,742.43 each (P&I only). Monthly payments do not include required mortgage insurance, taxes, insurance premiums or other applicable escrows. Actual payment amount will be higher. 3% cash down payment of $8,100.00 required. Example assumes 660 credit score and includes $1,425 origination fee, 7.589% APR, and 7.000% interest rate as of 9/1/2023. Rate, fees, other charges and terms subject to change. Available loan programs and terms will vary by state.