Agency Affordable Financing

Agency Affordable Financing

You've been saving for a home, watching interest rates and waiting for the right time to move forward. In order to help today’s future homeowner with their diverse financing needs, the HomeReady®/Home Possible®  loan programs were designed with affordability in mind.¹

Advantages of HomeReady/Home Possible:

  • Down payments as low as 3% down
  • Seller contributions and gift funds allowed1
  • No minimum contribution from borrower's own funds required (1 unit)
  • Lower monthly insurance costs
  • Flexible closing costs funding option2

What you'll need to consider:

  • For loans not to exceed $453,100 ($679,650 for high cost markets)
  • May require homeownership education (Easy to use online required training program that helps buyers get ready to buy a home and be prepared for the responsibilities of homeownership)

Call 877.907.1043, email us or find a loan officer serving your community to learn more about Agency Affordable Financing.


1 Subject to certain limitations, gifts are allowed from approved sources. Ask your Loan Officer for details.

2 Exchange many closing cost obligations for a higher rate on your loan. You still may be required to pay interim interest, mortgage insurance, escrows and/or discount points at closing. Certain fees may be collected in advance and reimbursed only upon successful closing of loan. Only available in fixed-rate purchase or refinance loans of $75,000 or more, and may not be available on all loan types, including certain Federal, State or local government programs. Options for lowering your rate may also be available through the payment of discount points at closing.

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