HomeReady

With HomeReady you may qualify to buy a home with as little as 3% down. Down payments & closing costs can come from multiple sources including gift funds & grants!

(866) 655-0466

The HomeReady Program

We offer a variety of low and no money down home financing solutions including Fannie Mae’s HomeReady. With the HomeReady program, borrowers may finance up to 97% of the value of a home. The cash needed to cover closing costs and the 3% down payment may come from multiple sources including gift funds (e.g. parents), grants, and Community Seconds.

No minimum personal funds are required!

Not sure if HomeReady is right for you? We can help you explore this program and discuss other low and no money down financing options.

Call us today for a free consultation – (866) 655-0466

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Why Choose HomeReady?

With HomeReady, you can put down as little a 3%. The cash needed for the down payment and closing costs can come from multiple sources. And, unlike many other low and zero down options, borrowers may be able to cancel their mortgage insurance (MI) once they’ve reached 20% equity.

Low down payments, flexible funds, and the ability to cancel mortgage insurance… that’s why to consider HomeReady.

Want to learn more and hear about other low and zero down options? Call us today for a free consultation.

(866) 655-0466

Additional Features Include

  • 3% minimum down payment
  • Cash for down payment and closing costs may come from multiple sources including gift funds, grants, and Community Seconds
  • 680 Minimum credit score required fro HomeReady. If your score is lower than 680, contact us to discuss other options that allow for lower credit
  • May be able to cancel  mortgage insurance with 20% equity
  • No geographic restrictions on loan amounts
  • Borrowers DO NOT need to be first time home buyers

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City 1st Mortgage Services, LLC. (www.nmlsconsumeraccess.org) is an equal opportunity lender, licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.

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