HomeReady Mortgage Program

HomeReady is a Fannie Mae mortgage program designed for creditworthy, low-income borrowers. It offers flexible options to make homeownership more accessible.

Key Benefits

• Co-borrower flexibility for approval
• Down payment as low as 3%
• Income flexibility from household members
• Cancellable mortgage insurance at 20% equity

Detailed Benefits

• Secure Approval with Co-Borrowers - HomeReady mortgages allow large contributions from others. Co-borrowers can add financial support, and there's no minimum for your personal contribution.
• Lower Down Payment Requirements - Fannie Mae allows up to 97% LTV ratio, meaning down payments as low as 3%.
• Income Flexibility from Household Members - Income from people living with you can be added as compensating factors.
• Affordable Mortgage Insurance - Cancel mortgage insurance as soon as home equity reaches 20%.

Contact Secure Choice Lending at (951) 733-8925 or info@securechoicelending.com. NMLS #1689518.