HomeReady Homestyle Renovation Mortgages
HomeReady mortgages feature low down payment options for creditworthy borrowers.
- Reduced mortgage insurance (can be canceled at 20% equity)
- High-balance loans permitted
- Purchase or no-cash-out refinance
- 1-4 units eligible
- 620 FICO score for 1 unit; 640 for 2 units; 720 for 3-4 units
- Homebuyer education required
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information.