HomeReady Mortgage

Fannie Mae HomeReady Program

A solution to the diverse needs of today’s borrowers

We are pleased to offer HomeReady™, a Fannie Mae loan product that recognizes the needs of today’s homebuyers. HomeReady™ is designed to promote sustainable homeownership within today’s limited-income households, including those with “millennials” and multi-generational families.

HomeReady Features

  • Gifts, grants, Community Seconds® and cash-on-hand may be used for the 3% down payment and closing costs
  • Non-occupant borrowers and rental/boarder income permitted
  • Refinances up to 95% LTV, regardless of current mortgage program
  • High Balance available
  • Minimum FICO score of 620
  • Loans underwritten by Desktop Underwriter (DU) are automatically identified as potential HomeReady™ prospects

In addition to mandatory homeowner education, borrowers may access support services after move-in HomeReady™ is the latest addition to our growing range of Wholesale and Correspondent products. To learn more, contact us today at (562) 761-6959.

We are located in Long Beach, CA, servicing Long Beach, Huntington Beach, South Bay, Downey and the Torrance area. We also work with clients across the entire State of California and nationwide.