The Freddie Mac Home Possible® mortgage program designed to bring home ownership within reach to more borrowers. It’s a low down payment mortgage option for homebuyers with low to moderate income.
- Down payments as low as 3%
- FICO from 620
- Low income
- First-time or repeat homebuyers
- Homeowner education helps you understand and manage the long-term financial commitments of home ownership
- Loan amount up to $765,600 in high-cost areas for a single unit
- Eligible for primary and second homes
- More competitive rates and easier guidelines
- Faster turn times
- Full Documentation
- Primary residence & Second home
- 80% LTV
- 720 FICO (80% LTV)
- Cash out allowed up to 65 LTV
- Traditional Income Docs
- Loan amount up to $2mm
- 80% LTV
- 680 FICO (80% LTV)