Homeready by Fannie Mae

Homeready is designed to facilate the home buying process. It allows homebuyers to put as low as 3% down to obtain a mortgage compared to 3.5% for FHA. Unlike FHA, Homeready requires a credit score of 620 to be eligible. However, with a score of 680 or above, one might be able to benefit from… Continue Reading


FHA Loan discussed

Since it inception in 1934, the FHA loan programs has been the most popular government back programs in the US. In fact, with a flexible credit score and down payment required, it allows more people to access homeownership. in effect, with a credit score above 580, a down payment of 3.5% is needed. Whereas a… Continue Reading