Home Ready 3-4 Units

This program is designed for credit worthy low-to-moderate income borrowers, with expanded- eligibility for financing homes in designated low-income, minority and disaster-impacted communities.


Credit score: 640
Property type: 3-4 units
Occupancy: Primary residence
Down Payment: 3% minimum borrower contribution
Loan to Value: 75%   Max. CLTV: 75%
Gift Funds Allowed. No minimum buyer contribution required.
Closing cost: Seller and/or lender can pay up to 3%
Debt Ratio: 45%
Income Limits:  Income Limits Apply


  • Lender-Paid Closing Cost program available
  • Impounds are option at 20% down or higher
  • Bankruptcy 4 yrs, Foreclosure 7 yrs, Short Sale 4 yrs (standard)
  • First time buyer not required must be primary residence
  • Boarder income and accessory unit income allowed
  • Landlord education required
  • 100% gift for closing funds allowed
  • Mortgage reserves required based on AUS results
  • No first-time buyer requirement

This page contains program highlights only. See sidebar links for further information and details.

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