Andres Garcia
Loan Officer
NMLS: 2246130
813-847-4199

HomeReady Mortgage

Make Your Home Ownership Dreams Ready with HomeReady Mortgages

Designed for creditworthy, low to moderate-income borrowers.
620

Minimum Credit Score

50%

Maximum Debt To Income

105%

Maximum Loan To Value

$550k

Maximum Loan Amount

Pros of HomeReady Mortgages

1

Low Down Payment

With only 3% down, HomeReady makes it easier to own your dream home.
2

Flexible Funding Sources

Use gifts, grants, and others as a source for your down payment.
3

Co-Borrower Flexibility

Non-occupying borrowers and rental income from a boarder help qualify.

Cons of HomeReady Mortgages

1

Income Restrictions

To qualify, your income must be equal to or less than the area median income (AMI).
2

Homeownership Education Course

Completion of an online homeownership education course is required.

Key Issues That Will Get Early Attention

1
Determine Eligibility
We'll help you determine if you meet the income requirements for this program.
2
Review Loan Amounts
We'll help you understand the loan limits and your qualification amount to ensure this is the right fit for you.
3
Discuss Income Limitations
We'll guide you through the income requirements for HomeReady loans and help you determine if your income falls within these limits.
4
Understand Homeownership Education
We'll guide you through the homeownership education requirement, helping you find the right resources and understand what it entails.
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