HomeReady

If you are in the market for a new home, but you worry that it will be too complicated or that you won’t have enough money for a down payment, you need to check out Fannie Mae’s HomeReady program. This is a wonderful new product that Fannie Mae has come up with to make it easier for people to achieve the American dream of homeownership. James B. Nutter & Company has been a partner of Fannie Mae’s for decades and is proud to offer this innovative program to its customers.

This new program allows home buyers the ability to purchase a home with a down payment of only 3%. This is less than the FHA Mortgage requirement and it does not have up front Mortgage Insurance (MI) like FHA does. There is monthly MI, but it is at a reduced rate when compared to traditional Conventional Mortgages.

If you have a credit score of 680 or higher, there are none of those pesky Delivery Fees that are charged on most Conventional Loans. This also keeps the costs required to close lower than usual, since you cannot typically finance those fees.

HomeReady has some unique benefits for buyers

To help buyers qualify for their new home purchase, co-borrowers are not required to occupy the property. For example, your parents could be on the loan (co-sign), even if they have no intention of living with you. If you are buying a home, but need a roommate to help with the costs, you could charge them rent and that income could help you qualify for the payment.

If you need to hear more about this fantastic opportunity, contact the HomeReady experts at James B. Nutter & Company today, call 1-800-875-7334 or send us an email.

Why you should choose Nutter for your HomeReady Loan

  • We offer some of the most competitive rates in America, including No Closing Cost Loan options - saving you money now, and in the future.

  • We won’t charge you extra or inflated fees as some other lenders do.

  • For over 65 years our motto has been, “If it’s not good for the customer, it’s not good for us.” We pride ourselves on having the best customer service in the industry – even after you close. That’s right, we don’t sell your loan!

  • With our simple online loan process, you’ll be able to close quickly and efficiently.

  • As an approved HomeReady Lender, we’ll make sure you understand all the details of what a HomeReady Loan has to offer and get the best mortgage deal for you.


OR

Contact Us (800) 875-7334