Finance
What is a 'Fannie Mae HomeReady' loan in Delaware?
AA loan only for first-time homebuyers with perfect credit
BA conventional conforming loan program with flexible income and down payment guidelines for low-to-moderate income borrowers✓ Correct
CA government-backed loan for mobile homes
DAn FHA loan for manufactured housing
Explanation
HomeReady is a Fannie Mae conventional loan program designed for creditworthy low-to-moderate income borrowers, offering as little as 3% down payment, flexible income sources, and reduced mortgage insurance costs.
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