Fannie Mae HomeReady® Mortgage

Mortgages designed to welcome you home.

When you're ready to buy a home, a Fannie Mae HomeReady® mortgage from KeyBank can help. These loans make home buying truly affordable and, from our initial meeting to the closing, we’ll be with you every step of the way.

Overview

Purchaser Qualification

Based on income or location1

Loan to Value (LTV)

Up to 97%

Interest Rate

Fixed

Down Payment

As low as 3%

Private Mortgage Insurance (PMI)

Lower premiums available

Features

  • Available for purchases and for rate or term refinancing2
  • Gifts, grants and community seconds are permitted as funding sources for down payment and closing costs. 3%, 6% or 9% seller contribution allowed (based on LTV), and can be used for closing costs or prepaid items
  • Available for one to four unit, owner-occupied properties including single-family, attached or detached, condos or planned unit developments

Contact Us

We'll walk you through your options. With your rates, terms and benefits in hand, you'll have everything you need to take
the next step.

Directory
1

No income limitations on low-income census tracts and limited to 80% of Area Median Income (AMI) in all other census tracts.

2

Cash-out refinances not permitted.

NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. Information and offers are subject to change without notice. All loans are subject to credit and collateral approval. Not all loans or products are available in all states.

NMLS# 399797

Mortgages

KeyBank clients can get a .25% interest rate discount.

Rain Boots

Home Ownership

seven house buying tips for saving money.

Couple talking with a realtor looking at a house

Mortgage Calculators

figure out how much house you can afford.

key calculator illustration
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Call Us

1-888-KEY-0018

Clients using a TDD/TTY device:
1-800-539-8336

Clients using a relay service:
1-866-821-9126

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Schedule and Appointment

Talk to a Mortgage Loan Officer in your neighborhood.

Schedule an appointment now

locator

Find a Branch or ATM

Contact Us Icon

Call Us

1-888-KEY-0018

Clients using a TDD/TTY device:
1-800-539-8336

Clients using a relay service:
1-866-821-9126

Contact Us Icon

Schedule and Appointment

Talk to a Mortgage Loan Officer in your neighborhood.

Schedule an appointment now