Progress with
Purpose
Are you ready to turn the key to your own home?
Supreme Lending has partnered with Fannie Mae’s HomeReady First™ program to offer up to $8,000 in down payment assistance and closing costs in select areas*.
Progress with
Purpose
Are you ready to turn the key to your own home?
Supreme Lending has partnered with Fannie Mae’s HomeReady First™ program to offer up to $8,000 in down payment assistance and closing costs in select areas*.
Up to $8,000 in grant money
Take advantage of up to $8,000 in grant money towards down payment and closing cost!
– Includes $500 for appraisal costs.
Ideal HomeReady Borrowers
- Low income
- First-time or repeat homebuyers
- Limited cash for down payment
- Supplemental boarder or rental income
- Looking to purchase or refinance
Area Median Income Lookup Tool
Use this interactive map to quickly look up income eligibility by area, property address or Federal Information Processing Standards (FIPS) code.
Up to $8,000 in grant money
Take advantage of up to $8,000 in grant money towards down payment and closing cost!
– Includes $500 for appraisal costs.
Ideal HomeReady Borrowers
- Low income
- First-time or repeat homebuyers
- Limited cash for down payment
- Supplemental boarder or rental income
- Looking to purchase or refinance
Area Median Income Lookup Tool
Use this interactive map to quickly look up income eligibility by area, property address or Federal Information Processing Standards (FIPS) code.
HomeReady Comparison
| Benefits | HomeReady | FHA |
|---|---|---|
| Required down payment | 3% | 3.5% |
| Cancellable mortgage insurance** | ✔ | – |
| Immediate appraisal orders from lenders | ✔ | – |
| Free from geographic restrictions on loan amounts | ✔ | – |
| Day 1 Certainty® freedom from reps & warrants available | ✔ | – |
**When a grant from a lender is used, a minimum borrower contribution of 3% must be made from either the borrower’s funds or another acceptable source.
Requirements to Qualify for this program
- You must be a first-time homebuyer with no ownership interest in any other properties
- The home must be the homebuyer’s primary residence – no second home or investment properties allowed
- You must currently be living in one of the following eligible markets*:
- Atlanta-Sandy Springs-Roswell, GA
- Baltimore-Columbia-Towson, MD
- Brownsville-Harlingen, TX
- Chicago-Naperville-Elgin, IL-IN-WI
- Cleveland, OH
- Dallas-Fort Worth-Arlington, TX
- Detroit-Warren-Dearborn. MI
- Houston-Pasadena-The Woodlands, TX
- McAllen-Edinburg-Mission, TX
- Memphis, IN-MS-AR
- Miami-Fort Lauderdale-West Palm Beach. FL
- New York-Newark-Jersey City, NY-NJ
- Oklahoma City, OK
- Orlando-Kissimmee-Sanford, FL
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Phoenix-Mesa-Chandler, AZ
- Riverside-San Bernardino-Ontario, CA
- San Antonio-New Braunfels, TX
- St. Louis, MO-IL
- Tampa-St. Petersburg-Clearwater, FL
- Washington-Arlington-Alexandria, DC-VA-MD-WV
* The location of the Census Tract within the MSA determines eligibility. Not every Census Tract can take part in this.
Community Empowerment Initiative
We partner with local organizations to provide support and education to help close the homeownership gap and foster inclusivity for all.
Supreme Lending is here to offer the financial support necessary for purchasing your first home. Additionally, we’ll educate you on the process of buying a home and introduce you to individuals who will support and assist you in reaching your objectives.
All the resources you need are at your disposal, and we’re committed to helping you utilize them.
