Here are a few reasons why buyers need to consider the new Home Ready loan program.
Fannie Mae’s alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity.
- Purchases up to 97% including First Time Home Buyers
- Refinances up to 95% LTV, regardless of current mortgage program
- Reduced Mortgage Insurance
- High Balance loans available
- Relaxed Area Median Income limits based on census tracts
- Gift funds eligible for entire down payment
- No upfront mortgage insurance premiums
- Average 22 days from submission to closing
- No restrictive FHA appraisals
For the best lending experience, ask your mortgage broker if they're approved with United Wholesale Mortgage, we make lending easy! (And if they're not, have them contact me.)
Trent Dalrymple
Account Executive (Nationwide)
United Wholesale Mortgage
1-800-981-8898 ext. 5581
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