For borrowers who…

  • Meet HomeReady income limits or live in a designated community
    • Have a credit score of at least 620
      • Have supplemental boarder or rental income
  • Are a first-time or repeat homebuyer
    • Have limited cash for down payment
      • Are looking for low-cost refinancing options


Why choose HomeReady?

Flexible funding

Cash for down-payment and closing costs can come from multiple sources, including gifts — with no minimum personal funds required.

Low down payment

You can qualify for a down payment as low as 3% if you meet HomeReady income limits or if the property is in a designated census tract.

Cancellable mortgage insurance

You may have the option to cancel your mortgage insurance once your home equity reaches 20% (restrictions apply). This cancellation can result in lower monthly payments down the road.

Have questions about HomeReady?

We’re here to help. 

Details you need to make a smart decision

¹ Program applies to first lien residential mortgage loans to purchase or refinance a primary residence in AL, AZ, CA, CO, FL, NM & TX. Income limits apply to certain transactions. You may be eligible for a HomeReady loan if the subject property is in a census tract where the median tract income is less than or equal to 80% Area Median Income (AMI) or you meet certain income limits for the census tract in which the subject property is located. More information can be found at https:// Other restrictions apply. Talk with a BBVA mortgage expert for details. All loans subject to program eligibility, underwriting and collateral requirements and approval, including credit approval.

HomeReady is a registered trademark of Fannie Mae. BBVA and BBVA Compass are trade names of BBVA USA, a member of the BBVA Group. BBVA USA, Member FDIC and and Equal Housing Lender. NMLS# 402936. Rev. 03/2019 / #277309-B