Fannie Mae HomeReady
Fannie Mae HomeReady is a low down conventional from Fannie Mae. Available statewide in California. First-time buyer status is not required. Income limit: 80% AMI.
Amount varies by program
Listed as open as of April 10, 2026
Available statewide in California.
| First-time buyer | Not required |
|---|---|
| Income limit | 80% AMI |
| Minimum credit score | 620 |
| Homebuyer education | Required (Fannie Mae HomeView) |
| Property types | SFR, condo, PUD, 1-4 unit, manufactured |
| Occupancy | Owner-occupied primary |
| Sales price cap | Per FHFA conforming |
| Repayment | market% int.; 30-yr; deferred |
| Stacking | Stacks: calhfa-myhome, calhfa-zip, gsfa-platinum, calhfa-mcc |
| Amount notes | 3% min down (100% can be gifted); $2,500 LLPA credit for ≤50% AMI |
| Notes | 80% AMI cap (since July 2023). Pair with CalHFA or GSFA seconds for full DPA. |
| Phone | 800-232-6643 |
Provider: Fannie Mae · program details at the provider’s site.
See if Fannie Mae HomeReady fits your purchase
Tell Cal how to reach you and a licensed loan officer will walk through this program, what it stacks with, and what you would actually qualify for. No spam, no list-selling.
More California programs
-
Deferred Silent Second · Up to 3.5%
-
Deferred Closing Cost Assistance · Up to 4%
-
First Mortgage (for pairing with DPA) · Amount varies by program
-
First Mortgage (for pairing with DPA) · Amount varies by program
-
Deferred Silent Second · Up to 2.5%
-
Shared Appreciation Loan · Up to $150,000 or Up to 20%
-
grant or 3-year forgivable second · Up to 5.5%
-
Occupation-Based Amortizing Second + Grant · Up to 5%