Right Start Mortgage is pleased to offer Fannie Mae’s great HomeReady® program. This product requires as little as 3% down and gift funds may be used for part of the down payment. Borrowers can also refinance using HomeReady® to up to 97% of the value of their homes. Most conventional financing solutions require at least 5% down or 95% equity. Plus, HomeReady® often has a lower Mortgage Insurance premium than other conventional products.
HomeReady® can be a great alternative to FHA, VA, and USDA financing especially for borrowers or properties which may not qualify under those government backed programs (e.g. non military, middle-higher income wage earners, non rural areas, etc).
Want to learn more about HomeReady® or any of our low or no money down financing solutions? Contact us today for a free quote and consultation - (800) 520-5626.