HOME READY PROGRAM
Welcome to Faith Lending:
Unlock Your Homeownership Potential
with the HomeReady Program
At Faith Lending, we're dedicated to helping you achieve your dream of homeownership. The HomeReady Program, designed by Fannie Mae, offers an affordable and flexible mortgage option tailored for low- to moderate-income borrowers. Whether you're a first-time homebuyer or looking for a more accessible path to homeownership, we're here to guide you through every step of the process.
The HomeReady Program provides a low down payment option with flexible underwriting guidelines, making it easier for borrowers to qualify for a mortgage. It is especially beneficial for those with limited funds for a down payment and those in underserved communities.
100M+
Loans Funded
1000+
Families Served
25+
Years of Service
REQUIREMENTS FOR HOMEREADY PROGRAM:
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Income Limits: Borrower’s income must not exceed 80% of the area median income (AMI).
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Credit Score: Minimum of 620.
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Down Payment: As low as 3% of the home's purchase price.
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Homeownership Education: Completion of an approved homeownership education course is required.
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Debt-to-Income Ratio: Generally up to 50%, depending on the overall risk profile.
Book your Appointment Today!
Book your Appointment and speak to our Loan Specialists!
Faith Lending Can Help by:
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Expert Guidance: Our team of mortgage professionals will assist you through every step of the FHA loan process, ensuring you understand all your options.
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Personalized Support: We provide tailored solutions to fit your unique financial situation and homeownership goals.
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Streamlined Process: Faith Lending simplifies the application and approval process, making it smooth and stress-free.
Discover how Faith Lending can help you achieve your homeownership dreams with an FHA loan. Reach out to our team to begin your journey to owning a home.
