HOME READY PROGRAM
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Welcome to Faith Lending:
Unlock Your Homeownership Potential
with the HomeReady Program
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At Faith Lending, we're dedicated to helping you achieve your dream of homeownership. The HomeReady Program, designed by Fannie Mae, offers an affordable and flexible mortgage option tailored for low- to moderate-income borrowers. Whether you're a first-time homebuyer or looking for a more accessible path to homeownership, we're here to guide you through every step of the process.
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The HomeReady Program provides a low down payment option with flexible underwriting guidelines, making it easier for borrowers to qualify for a mortgage. It is especially beneficial for those with limited funds for a down payment and those in underserved communities.
100M​+
Loans Funded
1000+
Families Served
25+
Years of Service
REQUIREMENTS FOR HOMEREADY PROGRAM:
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Income Limits: Borrower’s income must not exceed 80% of the area median income (AMI).
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Credit Score: Minimum of 620.
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Down Payment: As low as 3% of the home's purchase price.
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Homeownership Education: Completion of an approved homeownership education course is required.
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Debt-to-Income Ratio: Generally up to 50%, depending on the overall risk profile.
Book your Appointment Today!​
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Book your Appointment and speak to our Loan Specialists!
Faith Lending Can Help by:
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Expert Guidance: Our team of mortgage professionals will assist you through every step of the FHA loan process, ensuring you understand all your options.
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Personalized Support: We provide tailored solutions to fit your unique financial situation and homeownership goals.
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Streamlined Process: Faith Lending simplifies the application and approval process, making it smooth and stress-free.
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Discover how Faith Lending can help you achieve your homeownership dreams with an FHA loan. Reach out to our team to begin your journey to owning a home.
