Home Ready2018-11-30T14:56:56+00:00

California HomeReady Loan Program

Fannie Mae just made qualifying for a mortgage a lot easier with the California HomeReady affordable lending program!

California HomeReady Loan

First-Time Home Buyer
The relaxed lending guidelines are ideal for a first-time home buyer; however, you do not need to be a first-time home buyer to be eligible for the California HomeReady Loan program.

Home Ready Benefits:

Low Down Payment
Minimum 3% down for first-time home buyers and repeat buyers.

Additional income for qualifying
You may use the rental income from a detached or attached accessory dwelling (apartment or ohana) for qualifying when purchasing your primary residence.

More affordable
Borrowers putting less than 20% down will pay a reduced Private Mortgage Insurance premium and will qualify for a lower rate than with traditional conventional loans.

Home Buyers Counseling
Whether you’re buying a home or condo for the first time or getting back into the ever-changing market, it is a big deal. Feeling informed and confident can help you navigate all of the steps of the loan process.

Income
Some income restrictions may apply.