HomeReady (VLIP)

Eligible Conventional borrowers earning 50% or less of the applicable area median income (AMI) may receive a $2,500 credit to help with the upfront costs of homeownership. The assistance can be applied toward down payment and closing costs, helping make homeownership more accessible for very low-income buyers.

Available with eligible HomeReady® purchase loans. At least one borrower must be a first-time homebuyer. Additional eligibility requirements apply.