Home Possible Loan

Freddie Mac Home Possible Loan

Home Possible loan is designed for creditworthy, low- to moderate-income borrowers, with expanded eligibility for financing homes in designated low-income, minority, and disaster-impacted communities.

Relaxed smiling asian woman sitting on sofa at home

Home Possible Loan Features

  • NEW $2,500 Assistance Grant: Available to qualified buyers. Learn more
  • Low down payment – Up to 95% financing for home purchase with many borrower flexibilities
  • Flexible source of funds – can be used for your down payment and closing costs with no minimum contribution required from your own funds
  • Conventional home financing with cancellable monthly Mortgage Insurance (MI) – helps you save money
  • Homeownership education – helps you get ready to buy a home and be prepared for the responsibility of homeownership. The Freddie Mac required homeowner education training is available online at http://www.freddiemac.com/creditsmart
  • For purchase and Rate Term Refi only
  • Primary residence only
  • Borrowers cannot own other property
  • Does not provide Cash on Hand
  • Non-occupant co-borrowers are not allowed

Compare Home Possible, HomeReady and Home Possible Advantage

Let’s Talk

Contact a GMFS Mortgage Loan Officer today!

Rating: 5 out of 5

Everyone was so nice and understanding and Julie was GREAT!! She helped me in so many ways!

a blessing🥹🏠🙏🏾

Jessica L. S. Mobile – October 21, 2026
Rating: 5 out of 5

It was amazing and simple

Gregory O. Mobile – October 24, 2026
Rating: 5 out of 5

Jason and Brandy went above and beyond for me and my wife. We have a home now and thought it would be impossible. Thank you for everything!

Jamie Kyle A. Greenwell Springs – October 28, 2026
Rating: 5 out of 5

Brad was amazing to work with being first time home buyers! He walked us through every step of the way!

Alexis H. Prairieville – October 28, 2026
Rating: 5 out of 5

Ashely went above and beyond helping my wife and I on our home loan. She was always available to answer any questions we had and made the whole experience easy.

Charles Jacob D. Lake Charles – October 21, 2026

What Sets Us Apart

A Lender Who Cares

With GMFS Mortgage, you’re not just getting a loan—you’re getting a team that’s all in, every step of the way.

Established

Since 1999, we’ve helped over 150,000 people across 23 states become homeowners.

Efficient

Everything from processing to closing happens under one roof. That means fewer hiccups…and more high-fives.

Trusted

A+ BBB rating. Torch Award for Marketplace Trust. A reputation built on doing the right thing.

Experienced

Our team averages 14+ years in the industry—and a lifetime of showing up for our clients.

*Not a commitment to lend.  All loans subject to credit and property approval.  The following terms are for illustrative purposes only.  Rates, payments, and loans terms vary by consumer based on their individual qualifying information.   The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance. 

Purchase PriceLoan AmountInterest RateAPRTerm
$239,000$227,0506.5%6.725%30