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!
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Customer Reviews
I am so thankful for Trina and Linda they are So Dedicated to there career. They both are outstanding they got me into my new forever home with a lot of hard work and dedication. I’m so thankful for them. I could never thank them enough. I love my forever home and it’s all because of them. If I could rate them higher than a 5 I would. Great company and awesome leadership. They both have nothing but PRIDE. Thank yall so much Trina and Linda for everything!
We had the pleasure of working with Josh at GMFS and he made the whole process of refinancing easy and convenient. He offered great advice and helped us close extremely quickly and efficiently. I would recommend him and GMFS 100 times out of 100 for any mortgage needs!
Thanks so much for making it so easy for us!!! Great experience.
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Experienced
GMFS staff has an avg. of 14+ years of mortgage industry experience