Selling Guide

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.

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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.

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

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What are the underwriting requirements for HomeReady?

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What is the minimum borrower contribution for HomeReady?

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How do I enter a HomeReady loan into DU?

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