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.

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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

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Rating: 5 out of 5

Will was very professional and closed out loan in record time!

Britny A. Bay Saint Louis – September 10, 2026
Rating: 5 out of 5

They were very helpful explaining the whole process!

Layton M. Mobile – September 11, 2026
Rating: 5 out of 5

Jason and Brandy were so helpful and communicative during this proces! I appreciate how quickly each question was answered. I would absolutely recommend them!

Cecilia Q. Baton Rouge – September 9, 2026
Rating: 5 out of 5

She was patient and understanding. She also was really genuine about helping us. She really showed interest.

Reginald B. Opelousas – September 15, 2026
Rating: 5 out of 5

John and the team were awesome.

Whitney G. Oxford – September 9, 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.

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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