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Low to Moderate Income Loan Options

RealFi Home Funding Corp. offers several low to moderate income loan programs designed to help people who qualify buy or refinance a home. These loans have specific income criteria that must be met. There can also be other requirements based on the specific program.

HomeReady and HomePossible

HomeReady and HomePossible are both low-moderate income loan programs. HomeReady is offered by Fannie Mae (FNMA), while HomePossible is offered by Freddie Mac (FHLMC). These programs use the median income of the area in which the prospective buyer is looking to determine the maximum allowable income.

Ideal HomeReady or HomePossible Borrowers

  • Low income
  • First-time or repeat homebuyers
  • Limited cash for down payment
  • Credit score ≥ 620; borrowers with credit scores ≥ 680 may get even better pricing
  • Supplemental boarder or rental income
  • Looking to purchase or refinance

Benefits

  • As low as a 3% down payment required
  • Potentially better rates than traditional conventional loans
  • Lower monthly mortgage insurance

 

USDA Home Loans

USDA Home Loans are designed for low to moderate income borrowers who are also buying a home in a rural area.

Benefits

  • 100% Financing available
  • Low mortgage rates
  • Very low mortgage insurance
  • Closing costs can potentially be financed

 

Working with RealFi Home Funding Corp. Corp.

  • We put YOU first.
  • RealFi Home Funding Corp. Corp. offers some of the most competitive rates in the Nation!
  • Fast and efficient, we close most of our loans in 30 days or less.
  • We offer a variety of loans. RealFi Home Funding Corp. Corp. can help you find the loan that is right for you!!!

Working withRealFi Home Funding Corp. Corp.

  • YOU first. We are committed to getting every client the very best possible deal every single time
  • RealFi Home Funding Corp. Corp. offers some of the most competitive rates in the Nation!
  • Fast and efficient, we close most of our loans in 30 days or less
  • We offer a variety of loans.RealFi Home Funding Corp. Corp. can help you find the loan that is right for you!!!
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