Selling Guide

Published June 3, 2020

The Selling Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Selling Guide in PDF format.

View All Selling Policy Updates

Download PDF

Hint: Ask in a form of a question.

For best results, pose your search like a question.

B5-6-01, HomeReady Mortgage (09/29/2015)


This topic contains information on HomeReady mortgages, including:


The HomeReady mortgage is a conventional community lending mortgage that offers underwriting flexibilities to qualified borrowers who meet specific income criteria.

Lender Approval Requirements

The HomeReady mortgage is a standard product offering available to all Fannie Mae lenders. No special approvals are required.

Negotiated Variance and Volume Limitations

Unless specifically permitted, the HomeReady mortgage may not be used in conjunction with negotiated variances in a lender’s Master Agreement. In addition, Fannie Mae, at its sole discretion, may impose volume limitations for HomeReady mortgage loans with any lender.

Have You Tried Ask Poli?

Poli knows. Just ask.

Ask Poli features exclusive Q&As and
more—plus official Selling & Servicing

Try Ask Poli

Related Articles

B5-6-02, HomeReady Mortgage Loan and Borrower Eligibility (04/01/2020)

IntroductionThis topic contains information on HomeReady mortgage loan and borrower eligibility, including: General Loan Eligibility  Maximum LTV,...

Read more

B5-6-03, HomeReady Mortgage Underwriting Methods and Requirements (07/03/2019)

IntroductionThis topic contains information about HomeReady mortgage loans, including: Underwriting Options  Minimum Borrower Contribution for...

Read more

Have guide questions? Get answers to all of your policy questions, straight from the source.

Get Started
Having Issues with Seeing this Page Correctly?

Use Firefox or Chrome   How to do a hard refresh in Internet Explorer
We recommend that you use the latest version of FireFox or Chrome.

Download Firefox
Download Chrome
  A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page.
    Hold the Ctrl key and press the F5 key.

Email Us
If you still have Technical Support questions, feel free to