Trustpilot
4.5 out of 5|13,847 reviews
4.5 out of 5|13,847 reviews4.5 out of 5|13,847 reviews
Low down payment optionsFlexible credit requirementsReduced mortgage insurance
Put as little as 3% down on the home you love.
See if you qualify for a $2,500 first-time home buyer credit.
Take advantage of free online education about responsible homeownership.
Over 730K clients. 23 years’ experience. One goal: helping you build a brighter future.
See your best loan options with technology that analyzes your finances in real time.
Pick the right loan and term that helps you achieve your unique homeownership goals.
Get approved and funded quickly, so you can enjoy your new financial freedom.
See your best loan options with technology that analyzes your finances in real time.
Pick the right loan and term that helps you achieve your unique homeownership goals.
Get approved and funded quickly, so you can enjoy your new financial freedom.
Some of the best loan programs for low-income buyers include HomeReady® and Home Possible® mortgages. These offer low down payments and flexible credit requirements. Depending on your financial situation, FHA and conventional mortgage loans can work for some borrowers.
You may qualify for a HomeReady® mortgage if your income is 80% or less of the AMI and you meet specific credit and down payment requirements. Use AmeriSave’s tools or speak with a loan officer to check your eligibility and explore your mortgage loan options.
A HomeReady® mortgage is a Fannie Mae-backed loan for low-to-moderate-income borrowers. It features low down payments (as little as 3%), reduced mortgage insurance, and flexible credit guidelines to make homeownership more accessible. This loan is ideal for first-time home buyers[SA1] or multi-generational households.
Freddie Mac’s Home Possible® loan program helps low-to-moderate-income borrowers afford a home. It also offers low down payments (as low as 3%) and flexible credit terms. This is a great option for buyers who need co-borrowers or who want to maximize affordability.
