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What is Home Ready? Let’s Let FNMA Explain it to All of Us
February 10, 2016 | Industry News
February 10, 2016
Industry News

HomeReady helps lenders confidently serve today’s market of creditworthy, low- to moderate income borrowers, with expanded eligibility for financing homes in designated low-income, minority, and disaster-impacted communities. HomeReady is competitive with other products in the market (depending on loan-to-value ratio and credit score) by providing improved pricing – better than or equal to Fannie Mae standard loan pricing – and competitive borrower payments. HomeReady also features simplified execution, providing lenders with the ability to commingle standard and HomeReady loans into mortgage-backed security (MBS) pools and whole loan commitments.

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HomeReady helps lenders confidently serve today’s market of creditworthy, low- to moderate income borrowers, with expanded eligibility for financing homes in designated low-income, minority, and disaster-impacted communities. HomeReady is competitive with other products in the market (depending on loan-to-value ratio and credit score) by providing improved pricing – better than or equal to Fannie Mae standard loan pricing – and competitive borrower payments. HomeReady also features simplified execution, providing lenders with the ability to commingle standard and HomeReady loans into mortgage-backed security (MBS) pools and whole loan commitments.

Click Here To Learn More