HomeReady® Mortgage

Built for Today's Homebuyers


Three Homebuyer Benefits

  • Cash for down payment allowed from multiple sources, including gifts and grants; no minimum personal funds required
  • Additional borrowers listed on the loan don't have to live in the house
  • Cancellable mortgage insurance[2] saves you more money per month down the road

Even with modest savings, you have a path to homeownership. HomeReady® mortgage can be a great option, thanks to features that can make homeownership more affordable— like a down payment as low as 3%,[1] cancellable mortgage insurance[2] and more.

Finally, there's a loan that can help first-time and repeat homebuyers get a jump-start on the mortgage process and overcome financial barriers. Looking to refinance? You could save with a HomeReady mortgage.

It even offers an online education course that can prepare you for the responsibilities of purchasing and owning a home. When you're ready to invest in your future, HomeReady is an option that can help you achieve your goal… responsibly.

Start the Application Process


[1] Financing up to 97%LTV on any fixed-rate term (10-,15-,20-,30-year) mortgage, subject to approval. A HomeReady Mortgage is available when purchasing any single family property, as long as the borrower meets the income limits of the home's location.
[2] Restrictions Apply