Home Ready

Home Ready® is a conventional loan program designed to help low- to moderate-income borrowers achieve homeownership with a low 3% down payment. It is an ideal option for first-time homebuyers and those who may not have a significant down payment saved. Home Ready® offers more flexible income and credit score requirements compared to traditional conventional loans, making it accessible to a wider range of borrowers. Additionally, the program provides reduced mortgage insurance costs and allows for the use of down payment assistance, such as gifts or grants, further lowering the financial burden on the borrower. This makes Home Ready® an excellent choice for those looking for an affordable way to purchase a home.