HomeReady Loan

HomeReady Loan

HomeReady ™ Mortgage Loan

It's time to buy your dream home! GTE Financial believes in homeownership and wants to help those who are looking for the best home loan options that will get them closer to taking the big step of purchasing a home! The HomeReady Mortgage Loan is for those who are looking to purchase a primary residence. This mortgage was designed for buyers who have limited savings and need to make a small down payment with help from non-occupant borrowers.

Other features:

  • Down payment assistance may be available
  •  Home Buyer Education Course to prepare borrowers for homeownership 
  • Flexible source of funds
See if you qualify
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Features & Benefits

  • Low or no down payment options available
  • Option to cancel private mortgage insurance (PMI) once equity reaches 20%
  • Not limited to first time home buyers

HomeReady Loan programs are offered through specialized underwriting guidelines and are not standalone loan products. Borrowers must qualify for an eligible mortgage loan, including fixed-rate or adjustable-rate options. Down payment options as low as 3% may be available for qualified borrowers. Loan terms, including interest rate, annual percentage rate (APR), repayment period, payment amount, and other financing terms, will vary based on the selected loan product and borrower qualifications, including creditworthiness and ability to repay. Rates and terms are subject to change without notice. Property insurance is required. Membership eligibility is required. All loans are subject to approval.