Home Possible® and HomeReady® Loans Springfield

Home Possible® Loans

Great for First-Time & Low-Income Buyers

Down Payment as Low as 3%

Flexible Income & Credit Requirements

Reduced Mortgage Insurance Costs

Allows Co-Borrowers Who Don’t Live in the Home

Available for Primary Residences

Perfect for: First-time homebuyers and those with lower incomes looking for an affordable mortgage with flexible guidelines.

HomeReady® Loans

A Smart Choice for Low-to-Moderate Income Buyers

3% Down Payment with Flexible Sources (Grants, Gifts, etc.)

Reduced Mortgage Insurance That Can Be Canceled Once 20% Equity is Reached

Allows Rental Income from a Boarder or Roommate to Qualify

More Flexible Credit & Debt-to-Income (DTI) Requirements

Available for Primary Residences

Perfect for: Buyers who need a lower down payment and want to use alternative income sources to qualify.

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Gershman Morgage NMLS #138063. Gershman Mortgage is not affiliated with the real estate agent or their associates.

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Whether you’re a first-time buyer or looking to refinance, Kyle Johnson with Gershman Mortgage is here to help you find the right loan with confidence and ease.