HomeReady is the identity from Fannie Mae’s step three% downpayment mortgage. It is an affordable financial program to possess basic-go out home buyers that is and additionally accessible to repeat people and you will present home owners to possess re-finance.

Fannie mae launched HomeReady in the 2014. The application form changed the fresh new agency’s MyCommunity Financial system, that was limiting and you may limiting. HomeReady created the fresh, versatile, affordable homeownership alternatives for reasonable- and you can average-money people; it permits for a minimum down-payment out of 3% and subsidizes mortgage prices and you will loan can cost you. Leer Más →