05/04/2023
Union State Bank Offers HomeReady® Mortgage Program
For many low to moderate income households, owning a home is considered the “American Dream.” Unfortunately for many, the upfront costs associated with obtaining a home loan creates a significant obstacle on the path to home ownership.
Union State Bank offers a variety of low down payment programs, like Fannie Mae's HomeReady® mortgage loan, that can help make the process more manageable. HomeReady® is specifically designed to make homeownership more accessible to a broader range of people, including first-time homebuyers and those with low to moderate incomes.
One of the most significant advantages of the HomeReady® program is the low down payment requirement. Borrowers may be able to put down as little as 3% of the home's purchase price, making homeownership more achievable for those who may not have substantial savings. According to Loan Officer Brenda Butters of Union State Bank, "Many people believe that they need to have a significant amount of money saved up to purchase a home, but this program shows that isn't necessarily the case."
Read the full article here: https://www.myunionstate.bank/about-us/union-state-bank-offers-homeready-mortgage-program
