Fannie Mae’s HomeReady program is a great option for clients with low to moderate incomes. This loan can be used to buy or refinance a home and typically has low down payment requirements. The co-borrower requirements are also flexible, allowing for cosigners who won’t be living in the home, such as parents of adult applicants.* Use the Fannie Mae Lookup Tool to see if a subject property meets the county loan limit requirement. 

Key Features and Benefits 

  • Down payments as low as 3%
  • Permits family to co-sign the loan
  • Properties in high-cost areas may qualify

Property Types 

  • Single-family (detached, attached)
  • 2-4 unit
  • Condominium
  • Modular home
  • Planned unit development (PUD) (detached, attached)

FICO®/Credit Score 

  • Credit scores as low as 620 are accepted

Additional Requirements 

Caliber Home Loans, Inc. ("Caliber") makes it easy for our Wholesale Business Partners to put borrowers in their dream homes. We’re available to answer any questions you may have and provide direct access to the entire application process online.

Once you’re a Caliber Business Partner, you’ll have immediate online access to the entire application process and all related forms. No paper, no traveling, and no mailing. We have the tools to help your clients close quickly.

*Guidelines subject to change. Refer to AllRegs® for details.

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