The Freddie Mac Home Possible mortgage program is designed to bring homeownership within reach to more borrowers. The program provides low down payment financing with discounted fees for creditworthy low- and moderate-income borrowers.
A&D Mortgage is a specialist in helping low- and moderate-income borrowers take advantage of this attractive homeownership opportunity and will guide you through the entire loan process.
- Down payments as low as 3%
- FICO 620
- Low income
- First-time or repeat home buyers
- Homeowner education helps to understand and manage the long-term financial commitments of homeownership
- Loan amounts up to $970,800 in high-cost areas for a single unit
- Eligible for primary and secondary homes
- More competitive rates and easier guidelines
- Faster turn times
- FICO 580
- 90% CLTV
- Loan amounts up to $4 million
- Max cash-on-hand $1 million, no limit for LTV < 55%
- DTI up to 55%
- 30 & 40 Year Fixed, 5/6 ARM, 7/6 ARM
- Traditional income
- 2-year credit event allowed
- Super Prime & Prime Programs
- Condo up to 90% CLTV
- Condotels up to 70% CLTV
- NY up to 90% CLTV
- Cryptocurrencies accepted for reserves, down payments and closing costs
- FICO 580
- Up to 90% CLTV
- Loan amounts up to $4 million
- Max cash-on-hand $1 million, no limit for CLTV < 55%
- 3 months reserves
- Cryptocurrencies accepted for reserves, down payments and closing costs
- 12 months from bankruptcy or foreclosure
- Mortgage history 0 x 60 x 12
- Combination of business and personal bank statements allowed
- Condo and condotels allowed