HOMEREADY & HOMEPOSSIBLE Income & Property Eligibility

https://homeready-eligibility.fanniemae.com/homeready/

http://freddiemac.com/homepossible/eligibility.html

​Put the address of your subject property into the HOMEREADY & HOMEPOSSIBLE Income & Property Eligibility tool and if the income limit works for your loan then this product prices out MUCH better then conventional Fannie Freddie. Especially for high LTVs and LPMI.

The reason is because these HOMEREADY & HOMEPOSSIBLE loans have a cap on the price adjustments of 1.50%. When your conventional loans have price adjustments over 1.50% then this product would come in very handy.