HomeReady & Home Possible


The HomeReady mortgage by Fannie Mae and the Home Possible mortgage by Freddie Mac is a new enhanced affordable lending product. It is designed to compete directly against the FHA mortgage. One of the issues with using an FHA mortgage, especially in Hawaii, is there are very few condominiums eligible for FHA financing. With the HomeReady and Home Possible mortgage, any condominium that is eligible for Conventional financing is also eligible for these programs.


  • You don't need to be a first-time home-buyer to be eligible for this loan. In fact, the occupying borrower may have an ownership interest in one additional financed residential property.


  • Reduced Monthly Mortgage Insurance rates - 25% MI rate compared to 35% for Conventional loans. This makes down payments less than 10% much more affordable.


  • Also available with the option to eliminate monthly Mortgage Insurance.


  • As an affordable loan program, there are reduced fees, lowering your closing costs compared to Conventional loans.


  • No Funding Fee or Up Front Mortgage Insurance Premium like VA, USDA, or FHA loans.


  • Non-Occupant Co-Borrowers are eligible with a minimum 5% down payment.


  • Flexible Income and Asset guidelines.


  • For Primary Residence transactions only. Second Home and Investment properties ineligible.


  • 1-Unit Properties only. 2-4 Unit Properties ineligible.


  • Condominiums must be warrantable


  • Minimum FICO score of 620


  • Some properties may be located in an area subject to income limits. Borrowers purchasing properties in these areas must not make more than the stated income limit, per year. See eligibility maps below: 


     HomeReady Eligibility Lookup Here


     Home Possible Eligibility Lookup Here

Not Sure If This Is The Right Program For You?

Don't Worry! My job is to figure that out for you. Send me an email or fill out an application!
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1003 Bishop Street Ste. 2700

Pauahi Tower

Honolulu, HI 96813

NMLS #1336741

Branch NMLS #1244222​

C2 Corporate site: www.c2financialcorp.com


Tel: 808-389-1138


© 2014 C2 Hawaii 

All Rights Reserved

C2 Financial Corporation is licensed by the NMLS #135622. Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by the borrower. A loan is only approved when a Lender has issued an approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers. Rates subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. The services referred to herein are not available to persons located outside the state of Hawaii.

C2 Financial Corporation is approved to originate VA and FHA loans and has the ability to broker such loans to VA and FHA approved lenders.C2 Financial Corporation is not acting on behalf of or at the direction of HUD/FHA or the VA.