Don’t Let a Non-Traditional Financial Background Keep You From Your Home Ownership Dreams

Don’t Let a Non-Traditional Financial Background Keep You From Your Home Ownership Dreams

We Offer HomeReady Mortgages to Residents in & Around Springfield, MO

Do you want to own a home but can’t afford a large down payment? Are you hesitant about applying for a mortgage because of student loan debt? Don’t resign yourself to renting for the rest of your life. Apply for a HomeReady mortgage through Franklin American Mortgage Company – Joshua J. Duda in Springfield, MO.

HomeReady mortgages are a type of conventional loan that was created by Fannie Mae. It’s perfect for individuals who want to own a home, but are dealing with some financial challenges. Stop by our office today to determine if you qualify.

Consider the expanded eligibility guidelines of HomeReady mortgages

HomeReady mortgages are designed to help individuals with diverse financial and familial needs. Eligibility guidelines include:

  • Down payments as low as 3% of the purchase price
  • Consideration of income from a household member who won’t be on the mortgage as a borrower
  • Allowing people who don’t live in the property to become co-borrowers
  • Acceptance of additional income sources

Don’t let your financial situation keep you from owning a home. Reach out to us today for a HomeReady mortgage.