Low Down Payment. Conventional Advantage.

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HomeReady® (Fannie Mae) and Home Possible® (Freddie Mac) are affordable conventional loan programs designed to expand access to homeownership while preserving long-term conventional benefits.

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Why They’re Useful 
These programs bridge the gap between FHA and traditional conventional loans, offering low down-payment options, flexible qualification, and strong borrower appeal without government insurance.

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Key Highlights​

• As low as 620 FICO

• Financing up to 97% LTV

• Low down-payment options

• Conventional mortgage structure

• Expanded borrower eligibility

 

Program Snapshot

• Purchase transactions

• Primary residences

• Income-limit based programs

• Single-family homes and eligible condos

• Fixed-rate options available

 

When to Use

When borrowers want low cash-to-close with the long-term advantages of conventional financing