Announcing HomeReady® PLUS

Exclusively offered by FM Lending Services


We are pleased to announce that FM Lending Services is offering several enhancements to the existing HomeReady® mortgage program. HomeReady® already has several terrific benefits including: 

  • Down payments as low as 3%
  • Innovative underwriting flexibility that allows the use of boarder income, non-occupant borrowers and extended family income to help borrowers qualify1
  • Lower interest rates and mortgage insurance premiums than a traditional mortgage

Now with HomeReady® PLUS, exclusively offered by FM Lending Services, qualified borrowers may receive:

  • A program credit of 1% of the loan amount toward closing costs that DOES NOT count toward the maximum interested 3rd party contributions2
  • An additional $500 program credit if borrower engages in one-on-one homeownership education prior to signing a sales contract (through a HUD approved counseling agency)2
  • Qualified borrowers may also be eligible for job loss protection for 2 years3

What does this mean for home buyers?

We know many home buyers face challenges that make homeownership seem unattainable, but HomeReady® PLUS can help make the dream of homeownership into a reality. In addition, combining HomeReady® PLUS with our FM Lending Services Buyer Advantage may give buyers an edge over others vying for the same property.


Questions about HomeReady®, HomeReady® PLUS, or the FM Lending Services Buyer Advantage? A knowledgeable, local mortgage consultant will be pleased to assist you, or you can also contact us online!





HomeReady® is a trademark of Fannie Mae. HomeReady® by Fannie Mae may not be the best mortgage product for all borrowers. Please consult your mortgage consultant to discuss your financing options.

1. Non-borrower income must be at least 30 percent of the total monthly qualifying income being used by the borrower(s). The non-borrower must 1) document his or her income, and 2) sign a statement of intent to reside with the borrower(s) for a minimum of 12 months. Other terms, conditions, and requirements may apply.

2. Borrowers are not eligible for additional program credits if minimum borrower contribution is exceeded.

3. Radian MortgageAssureSM is available with borrower-paid mortgage insurance (BPMI) only. Radian MortgageAssureSM will provide up to 6 monthly mortgage payments, for a maximum monthly benefit of up to $1,500 or total protection of $9,000 during the two-year coverage period. Benefit is automatically provided on Radian-insured loans for primary, owner-occupied, single-family homes with loan-to-values of 95.01% - 97%, that meet the program guidelines.

All first mortgage products are provided by Prosperity Home Mortgage, LLC dba FM Lending Services. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance. Licensed by the Delaware State Bank Commissioner. Also licensed in District of Columbia, Georgia, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.

NMLS ID #75164 (NMLS Consumer Access at

©2017 Prosperity Home Mortgage, LLC dba FM Lending Services. All Rights Reserved.