If you’ve ever felt like homeownership is beyond your means, there’s hope. Home Possible mortgages by Freddie mac offer creditworthy customers more opportunities to own a home - including flexible cred terms and a low down payment.
Home ownership with Home Possible Loans.
Features and Benefits
Low down payment options available
Flexible sources of funds allowed for the down payment and closing costs, including gifts and grants
No minimum reserves or borrower contribution on 1-unit properties
Reduced mortgage insurance requirements
Income limits are based on 100% of area median income, or unlimited in underserved areas
Mortgage insurance is lower than most conventional loans