Home Ready Loans

The time is NOW to meet the diverse needs of today’s buyers with HomeReady, Fannie Mae’s enhanced affordable lending product. Designed for creditworthy, low-to moderate-income borrowers, this program has expanded eligibility for financing homes in designated low-income, minority, and disaster-impacted communities. HomeReady provides expanded access to credit while supporting sustainable home-ownership. Colorado Mortgage is committed to bringing affordable home loans to help you get into your dream house.

Program Highlights:

• Low down payment. Up to 97% financing for home purchase with a lot of borrower flexibility (1-unit property). Non-first time home buyers are OKAY!
  Flexible sources of funds can be used for the down payment and closing costs with no minimum contribution required from the borrower’s own funds (1-unit property).
• Conventional home financing with cancellable monthly MI (per Servicing Guide policy); lower MI coverage requirement above 90% LTV supports competitive borrower payment.
• Home-ownership education helps buyers get ready to buy a home and be prepared for the responsibilities of home-ownership.

Have more questions?
Contact us and we’re happy to answer them! Call us at: 303-800-4595!