Found 3 blog entries tagged as fannie mae homeready.

Fannie Mae Loosens Guidelines to Help More Buyers

You know those furniture store signs “Out for your business”?  Well, Fannie Mae is out for your business!  This year there has been a consistent flow of updates coming from Fannie Mae.  Plus there are more coming!  Most of these include loosening of income, asset, and credit guidelines.  So this means more buyers should qualify compared to prior years.  In addition to Fannie Mae making these changes, our team makes it a point to stay on top of these guidelines.  Therefore we can help more buyers purchase a primary, secondary, or investment home.  These flexible guidelines help buyers with…

  • Higher debt ratios allowed up to 50%

  • Co signors added to help qualification

  • Use…

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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.

HomeReady BenefitsHomeReady Loan by OVM Financial

  1. Lower Payments
  2. Low…

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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.

HomeReady BenefitsHomeReady Loan by OVM Financial

  1. Lower Payments
  2. Low…

949 Views, 0 Comments