| 3% Down Payment Mortgage Loans in 2024

HomeReady and Home Possible are government-sponsored mortgages aiding low-to-moderate-income buyers with limited savings.HomeReady allows FICO scores as low as 620, while Home Possible requires 660 for purchases and 680 for refinancing.
Both accept 3% down payments and fund various property types, from single-family to four-unit properties.