You are not required to bring any of your own money to closing with the HomeReady mortgage program. Your down payment can be gifted to you from a third party, and you can have the home seller pay for your closing costs using an option known as seller concessions. Typically, closing costs range from 2% to 5% of the loan amount, so be certain you discuss these costs with your real estate agent and loan officer before you go under contract to buy a home. And, you’d need to discuss any seller concessions prior to signing the contract.