+1 vote
asked Mar 12 in Low Downpayment Loans by woonton

1 Answer

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The HomeReady program is a special program offered by Fannie Mae with many benefits, among them a $500 credit to those who complete approved home buyer education. In addition, you may be able to obtain down payment assistance or a gift to cover your entire 3 percent down payment. And it's not just for first-time buyers. Assuming that you are putting down 3 percent, and buying a personal residence, your seller can contribute up to 3 percent for closing costs.

For complete program information, go to this article to get answers to HomeReady FAQs and guidelines.

https://themortgagereports.com/18653/homeready-mortgage-guidelines-interest-rates
answered Oct 24 by GinaPogol (43,100 points)
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