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HOMEREADY® FROM FANNIE MAE

The HomeReady® loan from Fannie Mae allows for reduced mortgage insurance, as little as a 3% down payment, a 3% allowable seller concession towards closing costs, allows for “less than perfect” credit, and requires some very helpful homebuyer education prior to closing.  

GUIDELINES & BENEFITS

/  Flexible source of down payment

/  Minimum FICO score of 620

/  A down payment as low as 3%

Gift Funds Acceptable

Extremely Competitive Rates

Cancelable Mortgage Insurance vs. FHA Life of Loan

Get a Custom Quote

Use our easy online tool to request a quote and let us know what's the best way to contact you back

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(256) 705-0985
robby@redmondlending.com

228 Holmes Ave. NE 5th Floor. Huntsville, AL 35801

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