Fannie Mae HomeReady™

HomeReady^TM is designed to serve today’s market of creditworthy, low- to moderate-income borrowers, with expanded eligibility for financing homes in designated low-income, minority, and disaster-impacted communities.

The HomeReady^TM Mortgage is an enhanced affordable lending product, building on the long time success of the MyCommunityMortgage^®. With new and revised loan and borrower eligibility requirements and underwriting flexibilities, HomeReady^TM targets to low-to-moderate-income borrowers and buyers in designated low-income, minority, and disaster-impacted communities; qualified borrowers who may lack the funds for a larger down payment can take advantage of flexible financing options that help make homeownership a reality with as little as 3% down.