HomeReady Loan Program: Empowering Your Path to Homeownership with MortgageCS

Achieve Homeownership with Ease

Our HomeReady Loan program at MortgageCS is tailored for individuals and families with low to moderate incomes, aiming to make homeownership more accessible and affordable. Backed by Fannie Mae, this program offers a range of benefits designed to simplify the home-buying process.

Key Features of HomeReady Loans

• Low Down Payments: Begin your journey with as little as 3% down, making it easier to purchase your home sooner.

• Diverse Income Consideration: Qualify using a variety of income sources, including rental income from boarders.

• Reduced Mortgage Insurance Requirements: Enjoy lower monthly costs with reduced mortgage insurance premiums that decrease as your home equity grows.

• Flexible Co-Borrower Arrangements: Non-occupant co-borrowers, such as parents, can help you qualify even if they won't live in the home.

• Income Limits: Based on the area median income (AMI), ensuring those who need it most can benefit.

Enhanced Benefits for Applicants

• Homeownership Education: Complete a free online education course to prepare for the responsibilities of homeownership.

• Cancellation of Mortgage Insurance: Mortgage insurance can be cancelled once 20% equity is reached, reducing long-term costs.

• Refinancing Flexibility: Options to refinance if your financial situation improves, allowing for better interest rates and lower monthly payments.

Why Choose MortgageCS?

• Commitment to Accessibility: We aim to eliminate barriers to homeownership for qualified individuals and families.

• Tailored Solutions: Personalized guidance to navigate mortgage financing complexities and find the best fit for your financial situation.

• Community Focus: Our program is designed to support and strengthen local communities by making homeownership more attainable.

Your Path to Homeownership Starts with MortgageCS

Ready to make your dream of owning a home come true? Contact MortgageCS today to learn more about the HomeReady Loan program and how we can help you achieve this important milestone. Our friendly and knowledgeable team is here to provide you with personalized support and competitive financing options tailored to your unique needs.

At MortgageCS, we treat you like family, guiding you through every step of the home buying process with care and dedication. Let us help you turn your dream into reality and create a place your family can call home. Reach out to start your journey today!