Home Ready^®

We are excited to be an approved Fannie Mae lender where we can offer our members the HomeReady^® loan program designed for creditworthy low and very low-income borrowers.

Benefits include:

• Reduced Private Mortgage Insurance rate¹
• Mortgage insurance may be canceled²
• Fixed rates and 10-, 15-, 20- or 30-year terms
• Positive rent payment history

HomeReady^® Qualifications Include:

• A minimum credit score of 620.
• Qualifying income of less than or equal to 80% of the applicable area median income (AMI) of the subject property's location are eligible.
• Primary Residence Purchase or Rate Term Refinance³.

HomeReady® $2,500 Lender Credit4 Qualifications Include⁴:

• A minimum credit score of 620.
• Qualifying income of less than or equal to 80% of the applicable area median income (AMI) of the subject property's location are eligible.
• Primary Residence Purchase or Rate Term Refinance³.

¹ Reduced mortgage insurance to 25% for a 10% down payment where the standard mortgage insurance requirement is 30% - 35% ² Mortgage insurance will be automatically homeowners when the loan to value is less than 78% ³ Refinance transactions must be owned or securitized by Fannie Mae ⁴ Lender credit may be applied toward down payment and closing costs, including mortgage insurance premiums, homeowners insurance and property taxes collected at closing.

Click "Apply Now" to connect with a Loan Officer.

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