Conventional Purchase Loans by Compadre Mortgage
In house conventional loan underwriting for qualified buyers. The 20% down requirement is a thing of the past. Today's conventional market offers affordable 3% to 5% down payment options, improved rate and term options combined with simplified processing and closing.
Fannie Mae HomeReady™ Loan Program by Compadre Mortgage
Fannie Mae HomeReady™ is designed to serve today's market of creditworthy, low-to moderate-income borrowers, with expanded eligibility for financing homes in designated low-income, minority, and disaster-impacted communities. A 3% down payment option provides first time home buyers that are credit and income qualified, but are still growing their assets and may not have a large down payment available.