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
- 2Y Full Documentation
- Loan Amount up to $3mm
- Max Cash in Hand $500,000
- 80% LTV
- FICO 700
- Primary residence, Second home & Investment
- Cash-out allowed up to 80% LTV
- 30 Year Fixed
- Traditional Income Docs
- Loan amount up to $3mm
- 90% LTV
- 599 FICO
- Condo 80% LTV
- Cash out up to 70% LTV
- Super Prime & Prime Access Programs
- Dropped Super Prime up to 0.25%
- Prime is now 2.125% lower
- DSCR reduced 0.5 across the board