• Low Down Payment Program

    Introducing Fannie Mae's Home Ready® Program - a conventional loan program that is designed to help moderate income households who can't afford a large down payment.

  • $525 Cash Back on your next funded home loan with OneWest Bank!*

    Reduce your mortgage rate with the following discounts:
    -
    0.10% off Your Mortgage Rate
    with 10% of Loan Amount in New Deposits
    OR
    0.20% off Your Mortgage Rate
    with 25% of Loan Amount in New Deposits
  • Fannie Mae's Home Ready® Program

    HomeReady enables borrowers to potentially qualify for a mortgage with only 3% down.1 And buyers who qualify will benefit from taking the required online homeownership course - the Framework® Homebuyer Education Program. It helps answer your questions about the home buying process and prepares you for the costs and responsibilities of owning a home.

    • Extended households may help you qualify - If your household includes members who won't be included on the mortgage - such as relatives or roommates - their income may help you qualify.
    • Others who don't live in the home can join you on the mortgage - Co-borrowers on a HomeReady mortgage are not required to live in the home, so relatives or other individuals may assist you with your home purchase.
    • Down payments as low as 3% - Ideal for home buyers who can't afford to make a large down payment.
    • Savings over the life of the loan - With private mortgage insurance that may cost less over time - may be eligible to be canceled once 20% home equity is reached, unlike mortgage insurance on government-insured loans.
    • Homeownership education to help you succeed - Convenient online education that prepares you to buy a home and own a home for the long run.

    Our mortgage specialists will help you choose what's right for your unique financial situation.

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  • Important Disclosures

    Not all applicants will qualify for financing. Mortgage rates and terms are subject to change without notice.