Home Ready (Fannie Mae)

Home Ready (Fannie Mae)HomeReady is another low down (3%) loan from Fannie Mae, this time for low to moderate-income borrowers.

There’s no first time home buyer restriction.

However, income limits apply. To be eligible, applicants must take an online (or in-person where available) homeowner education course.

The mortgage must be set at a fixed interest rate.

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