Skip to main content
Locate Branch or ATM cart
Locate Branch or ATM cart

HomeReady® Program

Flexible options to get you qualified

HomeReady is ideal for first-time or repeat homebuyers that have low income and limited cash for a down payment. HomeReady offers innovative income flexibilities to help borrowers qualify for an affordable mortgage.

To Start an Application or Talk to an Expert:

    • Lock and 2 Arrows

      Available in fixed or adjustable rate mortgages

    • Hand Holding Dollar Sign

      Low down payment

    • Thumbs up icon

      Don’t have to be a first-time homebuyer

    • Security icon

      Cancellable mortgage insurance

  • Built For Today's Homebuyers:

    A Fannie Mae Home Ready Mortgage from FNB1 can help you attain the dream of home ownership. We understand the financial challenges many homebuyers are facing. They can’t afford a large down payment, may have multiple student loans or may rely on income from non-traditional sources, such as parents or other family members. These challenges can make homeownership seem impossible or may have impacted their ability to buy a home in the past. We can help.2

    What is Fannie Mae?

    Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a U.S. government-sponsored enterprise that provides mortgage financing and special programs for mortgage lenders like FNB.

    Key Features:

    • Available as fixed or adjustable rate mortgages
    • Low down payment
    • Cancellable mortgage insurance (restrictions apply)
    • Reduced mortgage insurance requirement available for higher down payments

    Key Benefits:

    • Interest may be tax deductible.3
    • You do not have to be a first-time homebuyer to apply.
    • Cash for down-payment and closing costs can come from multiple sources, including gifts and grants.
    • No minimum requirement for using your personal funds
    • Non-occupant borrowers permitted

  • Applying for a Home Ready Mortgage:

    Whether you would like to get pre-approved or begin the application process, we have convenient ways for you to get started. You can begin by adding this product to your cart. During the checkout process, you can select the option to get started online or set up a time to meet with one of our experts.

    Getting Prepared

    It is helpful if you have the following documents with you during the application process:

    • Fully executed purchase agreement, if available
    • Most recent 30 days of pay stubs
    • Most recent two (2) months of bank statements
    • Prior two (2) years of your W2s
    • Prior two (2) years of tax returns
    • Current driver’s license or photo ID

With any account, you also get the latest in digital technology:

Products With You In Mind

FNB offers a full breadth of products and services for your needs.

Blue person icon

Need help now? Call us or schedule an appointment.

Contact a Local Expert

Featured

  1. Article

    First-Time Homebuying, Part 1: Getting Your Financial House in Order

    The purchase of your first home may be the most important financial decision you'll ever make — and possibly the largest, as far a...

  2. Article

    Good Credit is Key

    The lower the interest rates on your loans, the more income you'll have available for other uses, including saving for retirement....
Notices & Disclosures

1 - All loan products are subject to underwriting/credit approval.
2 - FNB is an Equal Housing Lender; NMLS #766529.
3 - Interest may be deductible; check with your tax advisor.

0 items in your cart

Cart Proceed to Checkout

Product video