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Home Possible/Home Ready

Have you considered a Home Possible/Home Ready loan?

Down payment options as low as 3% for qualifying income levels and underserved communities. Down payments are one of the biggest factors to why homebuyers do not think they can own a home. SouthPoint Bank is proud to offer Freddie Mac’s Home Possible© and Fannie Mae’s HomeReady©, responsible, affordable offerings that will help low- and moderate-income borrowers purchase their home with little money down. Talk to a SouthPoint loan officer about which offering is best for you!

  • No income limits in certain areas
  • Conventional loan for creditworthy homebuyers with low down payments
  • Up to 97% LTV
  • Flexible sources of down payments
  • Available for qualifying low- to moderate-income homebuyers or buyers in high-cost or underserved communities
  • Does not have to be a first time home buyer