Home Affordable Refinance Program California

Flexible Lending for a New Home Purchase


Fremont Bank now offers this flexible, low down payment mortgage product designed to simplify requirements for creditworthy borrowers with expanded eligibility for sustainable homeownership. Find out if the HomeReady* program may work for you.
Flexible underwriting on both purchase and limited cash out refinance transactions:
  • Low down payment with up to 97% Loan-To-Value financing for owner-occupied home purchases
  • Flexible sources of income with no minimum contribution requirement from borrower’s own funds (1-unit properties)
  • Rental and boarder income may be considered for qualifying
  • Expanded Debt-to-Income ratio when using additional household income from non-borrowers
  • Non-borrower household income is not counted toward income eligibility limits
  • Reduced Mortgage Insurance coverage requirements for LTVs above 90% (up to 97%)


Not sure if HomeReady® is the right program for you? Give us a call at 877-528-1488. One of our local loan officers will explain the features of the HomeReady loan program so that you can make an informed decision.


Have questions about buying your first home?

Visit our loan resources page for helpful tips, videos and links.


*All loan requests are subject to credit approval as well as specific program requirements and guidelines and are subject to change. Borrower required to complete homeownership education course; certification required. Available on 1-4 unit property purchases and limited cash out refinances only. Fixed rate terms only. Refers to Program 140.

HomeReady is a registered trademark of Fannie Mae.

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