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
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Customer Reviews
Throughout the course of living this life, we receive scattered Blessings, in the form of people that despite having no prior personal affiliation with us, have such a monumental impact in the goodness of our lives. Monica Emmert has been this sort of person for me and in my life. An angel in the form of a fellow human. While I know that God is good and never relent in my Faith, I had reached a point of feeling overwhelmed… even defeated… in the assortment of the “how’s” of I would ever be able to realistically proceed with the repairs needed to make my beloved home once again, sustainable. As proof that God is always good, I can personally attest that thanks to Monica’s unwavering dedication, guidance and support, my house has been approved to receive ALL of the much needed repairs and even better- the progress is moving right along! GMFS Mortgage and most specifically Monica, has truly changed my life for the better. I will never forget the part that she played in my life and will always be of the utmost gratitude to and for her.
I recently had the pleasure of being assisted by Monica Emmert, and I cannot express how impressed I am with the level of service I received. From the moment I first spoke to her, Monica Emmert greeted me with a warm welcome and an enthusiastic attitude that instantly made me feel valued as a customer.
Monica Emmert took the time to thoroughly understand my needs and went above and beyond to ensure every detail was taken care of. Her expertise and knowledge were evident, and they provided insightful recommendations that greatly enhanced my experience. What stood out the most was their unwavering dedication to customer satisfaction.
Even when faced with unexpected challenges, Monica Emmert handled everything with grace and professionalism, ensuring that the outcome was nothing short of perfect. Her exceptional communication skills and genuine desire to help made the entire process smooth and enjoyable.
In a world where exceptional service is rare, she truly stands out as a shining example of what outstanding service should be. I am incredibly grateful for their assistance and would highly recommend GMFS Mortgage to anyone seeking top-notch service. Thank you, Monica Emmert, for making my experience unforgettable!
Brad was beyond awesome. I couldn’t have imaged a better first time homeowner experience. He made the process stress free from every answered call to email, even on the weekends. The quickest closing I’ve ever seen. I would most definitely recommend him to anyone trying to purchase .Thanks again Brad . This experience the best!
Very helpful in refinancing to get a better rate! Service could not have been any easier! Highly recommend!!
Doug, Shelby, and team made the what once seemed daunting process of buying a home as easy and smooth as possible. They were a pleasure to work with and I would definitely recommend the GMFS team 🙂
Established
Over 150,000 customers and $30 billion in residential mortgage funding in 23 states
Efficient
Processing, underwriting, and closing under same roof means smooth & predictable closings
Trusted
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Experienced
GMFS staff has an avg. of 14+ years of mortgage industry experience
*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.
Loan Term | Down Payment | Annual Percentage Rate | Estimated Monthly Payment |
30 year fixed rate | 10% (90% LTV) | 4.75% | $1,043 |