What it is
Fannie Mae works with mortgage lenders to offer affordable home loan programs, including HomeReady® mortgages with low down payments and flexible underwriting for creditworthy borrowers.
Who may qualify
- First-time and repeat homebuyers
- Borrowers at or below area median income (HomeReady)
- Meet credit and debt-to-income requirements
How to apply
- 1Work with a Fannie Mae–approved lender
- 2Complete homebuyer education if required
- 3Apply for pre-approval before shopping