HomeReady Mortgage is a Fannie Mae Program and offered by Northstar Home Funding 
- 97% financing purchase -1 unit /Owner Occupied.
- No minimum borrower contribution (1 Unit properties) – use flexible sources of funds for down payment and closing costs (gifts, & cash-on-hand).
- Non-Occupant borrowers allowed to 95%.
- Will consider income from a non-borrower household member (new feature) as a compensating factor in DU to allow for a debt-to-income (DTI) ratio higher than 45%, up to 50%.
- Reduced risk-based pricing adjustments.
- Reduced monthly MI coverage >90% to 97%.
- Manufactured Homes allowed up to 95%.
- Assist with financing and supporting disaster-impacted areas.
- Rental income allowed from an accessory unit.
- Nontraditional credit is allowed.
Click here to apply and determine your potential eligibility for the HomeReady Loans