Are you ready for HomeReady? We are!

Forget about Fannie Mae’s MyCommunity program because on December 12, 2015, it released a new enhanced version of its conventional option up to 97% LTV – HomeReady.

This low down-payment program has been upgraded to be more comparable to Freddie Mac’s Home Possible program. With no restrictions on first-time home buyers and more flexible income qualifications – think of HomeReady as your go-to program for any conventional loans requiring mortgage insurance. Superior Mortgage Lending is prepped and ready to start accepting loan applications as of today.

Program highlights include:

  • No Fannie Mae adjustments on all loans with 680 FICOs and above – including high balance loans!
  • First-time home buyers eligible
  • Available for non-Fannie Mae rate/term refinances
  • Relaxed AMI income limits based on census tracts

Not only is this a great conventional alternative for clients looking to purchase a home, it could be the key to getting borrowers out of their current FHA mortgage and into a more favorable mortgage payment.


About Superior Mortgage Lending LLC

Superior Mortgage Lending LLC is a full service mortgage broker located in Las Vegas, Nevada. Our goal is to provide excellent service to you throughout the process. NMLS # 372130 Nevada License # 3582 California License # 603K964 Arizona License # 0119906 8867 W Flamingo Road STE 200 Las Vegas, NV 89147 (702)507-4170 /
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