All About the HomeReady® Mortgage Program
the ability to use grants or gift funds to go toward the down payment of a home
One of the biggest challenges homebuyers face is the ability to save enough money for a down payment. Rent prices continue to rise, which adds to the difficulty of trying to save. What many people struggling to save for a down payment don’t know is that programs like Fannie Mae’s HomeReady® Mortgage Program allows homebuyers the ability to use grants or gift funds to go toward the down payment of a home. Continue reading to learn all about the HomeReady® program’s key features and how Colonial can help.