At Embrace, we want to make buying a home possible for everyone. We’re excited to offer affordable housing programs designed specifically for low-income borrowers.
We know it’s not easy to save for a down payment. With these programs, you can put down as little as 3% of the purchase price, and the cash can come from various sources, including gifts, grants, down payment assistance programs, even sweat equity. And your credit can be as low as 620. Fannie Mae’s HomeReady and Freddie Mac’s Home Possible are two great loan options to help you become a homeowner.