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

Home Possible Loan Features

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

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

Ready to get Pre-Qualified OR learn how to become eligible for a home loan?

Get started with GMFS Mortgage!

 Home Loan Options and Mortgage Resources



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