HomeReadyTM Loan Program

Eligible borrowers can purchase a home using income from non-occupant borrowers and rental space on the property to help qualify!*


HomeReadyTM Loan Program:

  • Down payment as low as 3% (Can be made from gift funds and eligible grants and/or down payment assistance loan programs*)
  • Non-borrowing household members’ income may help borrowers qualify, or non-household members may apply as a co-borrower to help the occupying borrower qualify
  • Rental units on the property may be used in income qualifying*
  • Fixed interest rate
  • Income limits and restrictions apply based on the area of the home being purchased
  • Borrower does not need to be a first-time homebuyer
  • Available for owner-occupied single family home, PUD or eligible condo
  • Reduced Mortgage Insurance (MI) options available
  • Homeownership education class is required for at least one borrower

Contact us today to learn more about HomeReadyTM home loan program.

HomeReady is a registered trademark of Fannie Mae and not affiliated with VITEK Mortgage Group. *Restrictions apply. Contact us for details. Program guideline information may change without notice. Please contact us for the latest program guidelines.

We'll walk you through each step of the loan process.
Contact us today to get started!