Home Ready

FNMA’s HomeReady® mortgage is an affordable low down payment mortgage product designed for credit-worthy low- to moderate-income borrowers, with expanded eligibility for financing homes in low-income communities.  Borrower benefits include:  Low down payments; Flexible sources for funds to close; Favorable pricing with credit scores ≥ 680 and Loan-To-Value ratios above 80%; Rental and boarder income may be considered for qualifying; Combined LTV ratios up to 105% for loans with an eligible Community Seconds® transaction; Cancellable mortgage insurance once the borrower reaches 20% equity in the home (restrictions apply); Reduced MI coverage requirements for LTVs above 90% (up to 97%).  Home ownership education and housing counseling options empower borrowers to become successful homeowners

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Monument Mortgage Co Inc.

Lexington Office:

91 Hartwell Ave 

Lexington, MA 02421

Newburyport Office:

11 Market Square

Newburyport, MA 01950

© Monument Mortgage Co. Inc. 2019

NMLS #2705 (Lexington) NMLS #803542 (Newburyport)

MA Lenders ad Brokers License #MC2705 Licensed by the New Hampshire Banking Department Licensed in Maine * We arrange but do not make loans