first time home buyers

Are You HomeReady?

Home Ready Mortgage LogoThe path to homeownership may have seemed challenging - until now. A HomeReady® mortgage from JBT can put homeownership within reach for those with modest savings. It works for you by making mortgage requirements more accessible and supporting responsible homeownership for the long run. 

For those with modest savings, HomeReady® mortgage can be a great option. Thanks to features like a down payment as low as 3%,* cancellable mortgage insurance** and more, homeownership can be affordable.

Whether you’re a first-time homebuyer trying to get your financial foot in the door, a repeat buyer, or a homeowner looking to refinance and lower your monthly payments, HomeReady® mortgage can help.

Homebuyer Benefits

  • Easier Down Payment  - Get help from multiple sources like gifts and grants; no minimum personal funds required
  • Expanded Opportunities - First-time and repeat homebuyers eligible; co-borrowers don't have to live in the property
  • Local Help - JBT's own Mortgage Originator, Lori Moyer, will help guide you through each step of the mortgage process
  • Online Education Tools - Gain guidance for long-term homeownership

What You Need To Know 

As low as 4%25 Down PaymentWhat is the down payment?

Your down payment can be as low as 3%.*

Can gifts or grants go toward my down payment?

Yes, funds you’ve received as gifts from relatives, grants from organizations and more can be used toward your down payment and closing costs.  Assistance funds might also be available to you. Check with your local housing finance agencies, non-profit agencies and employer to find assistance programs. Ask us for more details.

Are there income eligibility requirements?

To make sure we’re serving the borrowers and communities in the most need, there are income limitations in certain areas. Ask us for more information about how this applies to you and your future home.

Does this loan offer homebuyer education?

Yes. In fact, HomeReady® mortgage requires that at least one borrower on a purchase transaction complete the online Framework® homeownership course prior to closing. Professional homeownership advisors are on hand to provide personalized advice to help you become a successful homeowner. 

Do I have to be a first-time homebuyer?

No. Repeat homebuyers and homeowners looking to refinance can also take advantage of HomeReady® mortgage.

Will I need to pay mortgage insurance?

Maybe. You can take advantage of making a down payment of as little as 3% of the purchase price. But if your down payment is less than 20%, you must pay private mortgage insurance (PMI), generally as part of your monthly mortgage payment. PMI may be cancellable once you reach 20% equity in your home - saving you money in the long run. **

Can I use this loan to finance an investment property or second home? 

To be eligible for HomeReady® mortgage, the home must be your primary residence. Ask us about our extensive mortgage offerings so that we can help you find one that's perfect for your additional property needs. 

Is It Your Time To Buy?


Photo of Lori Moyer

Lori Moyer


As Mortgage Originators with JBT, we understand the homebuying, homebuilding, and financing process. We look forward to guiding you through each step of the mortgage application and approval process – from our initial meeting to the settlement table. Our team will work to keep your experience as streamlined as possible and be there to answer any questions. We invite you to Bank on a Smile® with our experienced mortgage team.

* 97% LTV can use any fixed-rate term (10-, 15-, 20-, 30-year).
** Restrictions apply.

HomeReady® Mortgage © 2018 Fannie Mae
Framework® Copyright © 2016 Framework

Ways to Contact JBT

Find a Branch Phone eService