HomeReady is Fannie Mae's affordable lending product that provides expanded access to credit for creditworthy low- to moderate-income borrowers, especially those in designated communities. It offers low down payment options up to 97% financing, flexible sources for down payments and closing costs without minimum borrower funds required. Homeownership education is also provided to help buyers prepare for homeownership responsibilities.

1. Help meet the diverse needs of today’s buyers with HomeReady, Fannie Mae’s enhanced
affordable lending product. Designed for creditworthy, low- to moderate-income borrowers,
this program has expanded eligibility for financing homes in designated low-income, minority,
and disaster-impacted communities.
HomeReady provides expanded access to credit while supporting sustainable homeownership.
HomeReady Mortgage by Fannie Mae
Please contact me for more information.
COMPETITIVE
PAYMENTS!
Program Highlights:
• Low down payment. Up to 97% financing for home
purchase with many borrower flexibilities (1-unit property).
• Flexible sources of funds can be used for the down
payment and closing costs with no minimum contribution
required from the borrower’s own funds (1-unit property).
• Conventional home financing with cancellable monthly
MI (per Servicing Guide policy); lower MI coverage
requirement above 90% LTV supports competitive
borrower payment.
• Homeownership education helps buyers get ready to
buy a home and be prepared for the responsibilities
of homeownership. The required training offers an
easy-to-use, online course provided by Framework.
LOWER MI
COVERAGE!
GIFTS & GRANTS
ALLOWED!
Jenny Montoya NMLS# 1248181
Sierra Pacific Mortgage Loan Officer
3 Corporate Park #210 Irvine, CA 92606 jenny.montoya@spmc.com
Office: 949-870-4008 Cell: 714-468-7549
LENDER
EQUALHOUSING
© 2016 Sierra Pacific Mortgage Company, Inc. NMLS ID #1788 (www.nmlsconsumeraccess.org). CA DBO/RMLA 417-0015 (12/15)