- 2018 Posts

  1. FHFA Conforming Loan Limits 2019
  2. How 2018 Market Trends Will Affect Wisconsin Buyers
  3. No Money Down Home Loans Appleton Oshkosh Green Bay Wisconsin
  4. Benefits of using FHA for your home loan
  5. Benefits of being a homeowner
  6. Wisconsin local lender vs online lender
  7. Home Loan Pre-Approval
  8. No Money Down Home Loan
  9. Serve and Support Loans
  10. Debt Consolidation and Cash Out

+ 2017 Posts

+ 2016 Posts

+ 2015 Posts

HomeReady - A Home Today!

July 11, 2016

Fannie Mae's HomeReady program is helping potential home buyers dreams of owning a home a reality. This flexible program has helped thousands with lower income and lower credit scores make the home ownership dream come true. Not only that, it's much easier to qualify for than previous programs. So what is HomeReady?

 

HomeReady is an affordable low down-payment mortgage program. It allows low to moderate income borrowers to purchase a home, with as little as 3% down. This down payment may not be required to be from your own savings, but instead a gift or a federal tax return. HomeReady also offers competitive interest rates, keeping your monthly mortgage payment in check.

 

Another feature HomeReady offers the home buyer, is potentially allowing rent paid to you by your roommates/family residing with you count toward your income. This helps many home buyers finally include the money they receive from rent when calculating qualifying income.

 

HomeReady also allows co-signers - providing help for those that may need a momentary hand up when buying their first home. As well as mortgage insurance that can be canceled when the loan to value requirements are met - eliminating the need to refinance your home mortgage down the road.

 

This loan program has many features that are helping our neighbors purchase their homes sooner and with less money down. With home mortgage payments often significantly less than rent, buying a home now makes perfect financial sense. Contact us today at GSF Mortgage and find out if you too are HomeReady!

 

 

Ron Meyer
GSF Mortgage Corporation
300 Patriot Dr.
Little Chute, WI 54140
(920) 788-9608
rmeyer@gogsf.com
NMLS #222688 & 1018