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 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

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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