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
This was the easiest and quickest I think home buying will ever be. Mimi and company made it hassle free. Great team and great lender.
I am extremely satisfied with my service at GMFS and Lainey. Lainey was very attentive and patient with my husband and I. She was very prompt with returning all calls and she made me feel like I was part of her family. I will be recommending her to all of my family and friends.
LOVE the ease of working with this company and the professionalism. We have never had to worry about anything when it comes to them.
The Lender I had (Stephanie Chenevert) was absolutely amazing. Very responsive and did everything possible to get me into my first home. I am beyond grateful and will use her in the future and recommend GMFS and her to anyone in the market to purchase a home!
NEIL AND MARCEE WENT ABOVE AND BEYOND IN CHEERFULLY PROVIDING ADVICE AND BEING VERY PATIENT WITH A DIFFICULT CLIENT. WOULD HIGHLY RECOMMEND THEM.
Established
Over 96,000 customers and $16.7 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