Imagine home ownership,
are you ready?
The HomeReady* program through Northpointe Bank enables individuals with limited income and funds to buy a home with a low down payment and no minimum borrower contribution.
Qualify for a mortgage with help from co-borrowers or extended households
HomeReady allows co-borrowers who don’t live in the home to be included on the home loan, such as parents or others who want to help. And, extended family or other household
member’s income can help you qualify - even if they aren’t on the home loan.
Low down payment
Ideal for home buyers with limited savings, and the down payment and closing costs can be paid from sources other than your own funds.
Savings over the life of the loan
With private mortgage insurance that may cost less over time - may be eligible to be canceled once 20% home equity is reached, unlike mortgage insurance on government-insured
loans.
Homeownership education to set you up for success
Convenient online education prepares you to buy and own a home for the long run.
*HomeReady is a registered trademark of Fannie Mae. All mortgages are subject to credit review and approval. Rates subject to change without notice.
