The HomeReady loan program. This program was created by Federal National Mortgage Association (Fannie Mae). Unlike most conventional loans the HomeReady loan offers opportunities for the borrower to accept funds from a co-borrower, other household members, and also public or granted funds. Eligibility Requirements: The Borrower must live on the property as a primary residence Borrower must complete the online homeownership training course and receive a certificate of completion. The property must be on the list of eligible home for the HomeReady loan program. BORROWER BENEFITS Low Down Payments Flexible Fund Source options Includes multi-generational homes Co-Borrowers flexibility If you think the HomeReady mortgage programs is right for you or a family member make sure you shop around for a lender who is knowledgeable about the HomeReady program. Do your research and take the time to find the best rates to get into your dream home with a HomeReady program.