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Updated almost 9 years ago,
HomeReady Mortgage Program Questions!
Hello Bigger Pockets Lenders and Investors!
I wanted to see if anyone has experience with the new HomeReady mortgage program.
http://themortgagereports.com/18653/homeready-mortgage-guidelines-interest-rates/
In addition to hearing your general impression, I wanted to know if there was a map of areas in which one could use the HomeReady program.
For example, the program is available in areas with high concentration of minorities. It is also available in "designated disaster areas" as determined by FEMA. Both of those qualifications could allow much of southern California to qualify. But it would be immensely helpful if there was a way to more specifically determine which areas would qualify, e.g. a map.
Any ideas from lenders or active investors in LA like @Sharad M. @Albert Bui @Logan Drew or others whom I'm unable to tag @jerrypadilla @joffreylong @billevans?
Thanks in advance.
RD