Fannie Mae’s
HomeReady
Mortgage
Built for today’s homebuyers
Program available for low-to-moderate income borrowers, with expanded eligibility for
financing homes in low-income communities.
Low down payment - as little as 3% of purchase
price or appraised value for home purchases
No minimum contribution required
from borrower's own funds (on 1-unit properties)
25% Private Mortgage Insurance (PMI) coverage
for LTVs 90.01% – 97%
Standard mortgage insurance coverage
for Loan-to-Value (LTV) of 90% or less
Homeownership education and housing
counseling options empower borrowers
to become successful homeowners
Rental income from one-unit primary
residence is allowed
Non-occupant co-borrowers permitted
HomeReady® is a registered trademark of Fannie Mae.
Fannie Mae is a registered trademark of the Federal National Mortgage Association.
Our products and services have no affiliation with or endorsement from any government agency or body.
On an FNMA HomeReady® 30-year fixed-rate purchase with loan amount $380,000 (at 95% LTV with 5% down payment and FICO 720), at an interest rate 6.625% with $975 discount points (Annual Percentage Rate: 6.711%), you will be required to make 360 equal monthly payments of $2,433.18 (which includes principal and interest only, so your actual payment, including taxes, insurance, and other property charges, will be higher).
The rates are effective as of 07/16/2025 04:42 p.m. CT and are subject to change without prior notice.
Interested in Learning More? Contact Me Today!
Anthony Rega
NMLS 399203
Team Leader/ Sr. Loan Officer
D: (201) 297-5353
anthony@loanfactory.com
angelai.com/partner/anthonyrega
2195 Tully Road
San Jose, CA 95122
Branch NMLS 320841
For Delaware residents only. Anthony Giulio Rega is licensed in DE. All products are subject to credit and property approval. Program terms and conditions are subject to change without prior notice. Other restrictions and limitations apply. The content here is not substitute for professional legal, securities, tax, or accounting advice. Loan Factory, Inc. (NMLS ID 320841) is licensed by the Delaware State Bank Commissioner (Phone: (302) 739-4235) to engage in Business in Delaware under license number (# 032910). For licensing information, go to: www.nmlsconsumeraccess.org. In all jurisdictions, the principal (Main) licensed location of Loan Factory, Inc. is 2195 Tully Road, San Jose, CA 95122, Phone : (201) 297-5353.