Fannie Mae – HomeReady® – Non-First Time Buyer: Does a borrower have to be a first-time homebuyer to qualify for a HomeReady® loan? [Fannie Mae HomeReady® Fact Sheet Attached]

Answer: You DO NOT have to be a FTHB for the HomeReady® product. Following is a link to a fact sheet published by Fannie Mae that clearly points out that the borrower is NOT required to be a first-time homebuyer. This program does have income limitations unless property is located in a low-income census tract. The […]

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