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