Fannie Mae | HomeReady

Checking income limits is simple with the HomeReady eligibility tool.

Identify income limits by area, so you can help your clients find a home in the neighborhood they love.

Find eligibility  

The ideal
HomeReady borrower

  • Low income
  • First-time or repeat homebuyer
  • Limited cash for down payment
  • Credit score ≥ 620; borrowers with credit scores ≥ 680 may get even better pricing
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Compare low down
payment mortgage options

Benefits HomeReady FHA
Required down payment 3% 3.5%
Cancellable mortgage insurance*
Immediate appraisal orders from lenders
Free from geographic restrictions on loan amounts

*Restrictions apply.

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Share the HomeReady story with your buyers

Watch Phil's home-buying journey with HomeReady

Watch Phil's home-buying journey with HomeReady

Watch video
See how HomeReady helped UCCU expand homeownership

See how HomeReady helped UCCU expand homeownership

Download pdf
Watch the HomeReady overview

Watch the HomeReady overview

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Want to know more?

Find helpful HomeReady resources, tips and tools in our toolkit for real estate professionals.

Learn more