Competitive Products for Today’s Consumer
ResMac is a Direct Fannie Mae and Freddie Mac Seller/Servicer and a Ginnie Mae Issuer. As a strong conventional lender, we have minimal overlays and exceptional underwriting turn times. With such a wide variety of products, we have a loan to fit your needs.
Fannie Mae’s HomeReady Mortgage is designed to meet the diverse needs of today’s buyers. It is ideal for creditworthy, low-to-moderate income borrowers, with expanded eligibility for financing homes in designated low-income, minority, and disaster-impacted communities.
HomeReady offers up to 97% financing with many borrower flexibilities:
- Flexible sources of funds can be used for the down payment and closing costs with no minimum contribution required from the borrower’s own funds (1-unit properties).
- Conventional home financing with cancellable monthly mortgage insurance (MI); reduced MI coverage requirement above 90% LTV supports competitive borrower payment.
- Homeownership education helps buyers get ready to buy a home and be prepared for the responsibilities of homeownership. The required training is an easy-to-use, online course.
All Mortgage Products
- Fannie Mae Standard Products
- Fannie Mae High Balance Products
- Fannie Mae Specialty
- HomeReadyTM Mortgage
- Fannie Mae DU Refi Plus (HARP)
- Freddie Mac Super Conforming
- Freddie Mac Open Access (HARP)
- FHA Purchase, Simple Refinance,
- Cash-out, Streamline
- FHA High Balance
- FHA Specialty
- FHA $100 Down Program
- FHA 203(k)
- VA Purchase, Cash-out, IRRRL
- VA High Balance
- USDA Purchase, Streamline, & Pilot
- Jumbo Products
- Fixed and Arm