If you’re a low- to moderate-income homebuyer, you may qualify for special conventional loan programs designed to make homeownership more accessible. HomeReady® and Home Possible® loans allow qualified buyers to purchase a home with as little as 3% down, helping reduce the upfront cash needed to get started.

Low 3% Down Payment
Qualified buyers can purchase a home with as little as 3% down, making homeownership possible even if you haven’t saved a large down payment.

30-Year Fixed Rate Stability
Enjoy the security of a 30-year fixed-rate mortgage, with predictable monthly payments and an interest rate that stays the same for the life of the loan.

Reduced Mortgage Insurance
These programs offer lower mortgage insurance costs compared to many standard loan options, helping keep your monthly payment more affordable.

Flexible Qualification
Designed for low-to-moderate income borrowers, these loans offer flexible guidelines that can help more buyers qualify for conventional financing.

• Buyers with low to moderate income (based on area median income limits) 
• Primary residence purchases 
• Minimum 620 credit score typically required 
• Debt-to-income ratios within qualifying limits