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HomeReady® First

Homeownership is that feeling of knowing you’re finally home

Every year, over one million people become homeowners for the first time, including many who never thought they’d own a home. Take the first step to homeownership and build a legacy that can last for generations.

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HomeReady First is built for first-time buyers

Homeownership is more affordable with these features:

  • At least $5,000 in down payment or closing cost assistance
  • $1,000 title insurance credit for Fannie Mae real estate owned (REO) properties
  • $500 appraisal reimbursement
  • One-year home warranty credit
  • Flexible income limits
  • No location restrictions on where you purchase your first home
  • Non-traditional credit history accepted
  • Access to HomeView™, a free homebuyer education course

Talk to your lender about features and eligibility.

Ready For Your First Home?

Find lenders in your area who offer HomeReady First.

Disclaimer
All eligibility criteria and requirements are subject to the formal terms and conditions of the Fannie Mae Selling Guide. Speak to your lender about eligibility and location requirements.

Additional resources

Make Rent Count

Make Your Rent Count

Thanks to a new program for renters, you could be one step closer to qualifying for a home loan if you've paid your rent on time for the past year.

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Credit Basics

Your Credit Journey Starts Here

By taking steps to improve your credit, you could get closer to reaching a big goal, like homeownership.

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What You Need to Know About Home Loan Basics

What You Need to Know About Home Loan Basics

Ready to apply for a mortgage? Start here to learn some basic home loan terms and the lender's role.

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