What’s a HomeReady Financial?

If you’re a decreased-to-average earnings borrower having a good credit score seeking a new household, it may be worth looking at the fresh new HomeReady mortgage backed from the Federal national mortgage association. That it home loan, just as the Family You’ll be able to program given by Freddie Mac computer, makes it possible for a step 3% downpayment in place of the high quality 20% you to definitely. (more…)