HOMEREADY®

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The HomeReady® program enables individuals with limited income to buy a home with a low down payment.

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Question:

Question:

Looking to purchase or refinance a home but don’t have a lot of money to put down?

CONSIDER A HOMEREADY® LOAN

The HomeReady® program from Fannie Mae through Northpointe Bank enables individuals with limited income and funds to buy a home with a down payment as a low as 3.0% of the property purchase price and no minimum borrower contribution.

Income limits may apply. HomeReady® is a registered trademark of Fannie Mae. All loans are subject to credit review and approval. This is not a commitment to lend.

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FACTS

Minimum Credit Score:

620

Minimum Down Payment:

3%

Max Debt-to-Income:

43%

Max Loan Amount:

$484,350

Available for:      Primary Residences    

QUICK
FACTS

Minimum Credit Score:

620

Minimum Down Payment:

3%

Max Debt-to-Income:

43%

Max Loan Amount:

$484,350

Available for:

  Primary Residences

BENEFITS OF HOMEREADY®

Review the following benefits of the HomeReady® Loan Program and see if it is the right fit for your homeownership goals.

Qualify with help

HomeReady® mortgages allow co-borrowers who don’t live in the home to be included on the mortgage, such as parents or others who want to help. And, extended family or other household member’s income can help you qualify—even if they aren’t on the mortgage.

Down payments as low as 3%

Unlike a standard conventional loan that requires at least 5% down—HomeReady® is ideal for homebuyers with limited savings, and the down payment and closing costs can be paid from sources other than your own funds.

Savings over the life of the loan

With private mortgage insurance that may cost less over time—may be eligible to be cancelled once 20% home equity is reached, unlike mortgage insurance on government-insured loans.

Amortization Options:

Is HOMEREADY® Right for You?

Fill out this questionnaire to see if we can help you achieve your homeownership goals with HomeReady®.

Get Started

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CALL US NOW           804.724.LOAN       OR GET IN TOUCH ONLINE       
CONTACT US

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CALL US NOW

   804.724.LOAN

GET IN TOUCH ONLINE

CONTACT US

HomeReady® is available in the following States: All States

Special Offers and Programs

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Why Choose ?

LOW RATES

We offer some of the lowest mortgage rates in the industry, along with truly innovative, tailored programs.

GREAT SERVICE

Our mission: client-focus. As your personal lender, we value listening and delivering on what is most important to you.

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Move into your new home sooner. Time saved plus low rates equals more savings for you.