Home ReadyTM


Home ReadyTM

As an alternative to the FHA program, Home Ready is a conventional 3% down* mortgage loan with even more flexible income qualification guidelines. In addition, Home Ready may have reduced mortgage insurance options, including no upfront mortgage insurance fees and may be cancelable per servicer/Fannie Mae guidelines.


  • The mortgage is a fixed rate loan up to $424,100
  • Up to 97% LTV financing (3% down)*
  • Eligible properties are single family-dwellings, PUD or condos as the owner’s primary residence
  • Gift funds or Community seconds are allowable for the down payment
  • Non-occupant co-borrower’s income can be used for qualifying
  • Single-family accessory unit or boarder income can be used in qualifying

*APM Loan Disclosures