Homeready Loan

Homeready loan program can help buyers purchase a home who might not qualify through other programs and offers a variety of benefits.

Questions? Let’s Talk – (317) 324-0191

How it Works/Payments

Qualification Requirements

  • Low Down Payment Options. Up to 97% of your mortgage can be financed.
  • No Minimum Borrower Contributions. This allows you to use grants, monetary gifts, and more for your down payment and closing funds.
  • No First-Time Homebuyer Requirement. Even if you’ve owned a home in the past, you may still qualify.
  • No limits for properties in low income census tracts, 100% of average media income (AMI) in high minority census tracts and 80% of AMI in all other properties. Non-borrower household income. This may help you qualify.
  • Rental income can be considering for qualifying for the loan.
  • Borrower Contribution from Own Funds: None required.
  • Property must be a primary residence which all borrowers occupy; Non-occupant borrowers are allowed at 95% LTV or lower.

Have questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions and get you started with a great low rate today! (317) 324-0191

Working with Mid America Mortgage

  • We put YOU first.
  • Mid America Mortgage offers some of the most competitive rates in the Nation!
  • Fast and efficient, we use the latest in e-closing technology to close our loans.
  • We offer a variety of loans. Mid America Mortgage will find you the loan that is right for you!

*Mid America Mortgage is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.

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