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.
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
Contact a GMFS Mortgage Loan Officer today!
Swipe left to see more reviews
Customer Reviews
GMFS Mortgage – Denham Springs went above and beyond to help me with my loan to build my house. Bryan Sparacino, Aaron Oberste, and Caroline Stallings were professional and beyond helpful. I’d recommend them to everyone and would definitely use them again! It was the easiest process!
So happy with GMFS! Wanda was so helpful and made the process of obtaining my mortgage so easy. She was always available to answer questions and the process was stress free. Thank you Wanda Trosclair!!!
Trina Cuccia was phenomenal to work with. Highly professional, knowledgeable, attentive to details, no surprises and perfect planning. Trina went above and beyond and was warm, personable. Trina is priceless, always responds and makes the purchasing process hassle free. We highly recommend Trina and her team! Forget the big bank lenders. Having Trina handle our lending needs was the absolute best choice we could have made.
Established
Over 97,500 customers and $17 billion in residential mortgage funding in 23 states
Efficient
Processing, underwriting, and closing under same roof means smooth & predictable closings
Trusted
A+ rating with BBB and winner of Torch Award for Marketplace Trust
Experienced
GMFS staff has an avg. of 14+ years of mortgage industry experience