Home Possible^® Mortgages

 

What is a Home Possible^® Mortgage?

The Home Possible^® Mortgage is a loan program that offers low down payment options and flexible credit terms that make it easier for first-time homebuyers and low to moderate income borrowers to buy the home of their dreams. If you are a community worker such as a law enforcement officer, firefighter, teacher, health care worker or member of the United States Armed Forces, Home Possible®Mortgages can provide an added benefit of giving you the extra flexibility to help you afford a home in the neighborhood you support.

 

Making Home Possible

• Low down payment options

• Flexible credit terms

• Stable monthly payments with fixed-rate mortgages

• Reduced mortgage insurance coverage levels

• Waived or lower qualifying income requirements

• No-cash out refinancing

• Flexible closing cost funding options

 

*Homeownership education is required for first-time homebuyers for purchase transaction Home Possible^® Mortgages.

Home Possible^® is a registered trademark of Freddie Mac.