Home Ready Loan

June is National Homeownership Month, a time to spotlight the programs that make owning a home more accessible to more people. While many potential buyers believe they need perfect credit or a large down payment, programs like HomeReady® and Home Possible® prove otherwise. As a mortgage originator, I see firsthand how these affordable loan options can turn homeownership from a dream into a reality. Understanding HomeReady and Home PossibleHomeReady® is offered by Fannie Mae and is designed for low-to-moderate-income borrowers. Home Possible®, offered through Freddie Mac, serves a similar purpose. These programs are especially powerful for first-time buyers, younger households,…