HomeReady Fannie Mae Loans Offer Affordability to Buyers
Buying a home is the American dream, but sometimes there are hurdles making ownership a struggle to many. Down payment, higher debt ratios, and credit requirements make buying a home difficult at times. Many are familiar with the benefits of an FHA, VA, or USDA loan in these cases. But there is a conventional loan providing a great option and it is not just for first time buyers. This loan is called the Fannie Mae HomeReady mortgage. The HomeReady loan gives buyers several benefits and some are unique to this product. So when buying a home with a lower down payment, consider these benefits of the HomeReady mortgage mentioned here.
- Lower Payments