Cherry Creek Mortgage Co., Inc. NMLS #3001. The material provided here is intended as educational and informational only and is for distribution to real estate or financial professionals and is not intended for distribution to consumers; this does not constitute an offer to lend or to recommend available products.
HomeReady by Fannie Mae allows up to 30% of qualifying income to come from boarders.
IF THE BORROWER CAN:
Document proof of shared residency
Provide 12 months of cancelled rent checks from boarder
Millennials are ready to buy!
Maximize their purchasing power with Cherry Creek!
Borrowers can use supplemental income from a boarder to help qualify for a loan! This program provides expanded opportunities for home ownership through flexible underwriting.
DON’T FORGET TO ASK ABOUT ADU INCOME TOO!
Have questions about this program? Call me today!Read More