Freddie Mac Home Possible Loans
Created to expand access to credit, Home Possible allows buyers to purchase a home with as little as 3% down. It offers reduced mortgage insurance and flexible income guidelines, making it ideal for first-time buyers and families with moderate incomes.
Scenario
David, a teacher, and Emily, a nurse, worried they couldn’t afford a down payment. Through Freddie Mac’s Home Possible program, they bought their home with only 3% down, keeping more savings for furniture and future plans.
“The Classic Choice — Simple, Flexible, Familiar.”
Borrower Checklist:
Credit score ~620+
3% down payment minimum
Meet income limits
Documentation Checklist:
Pay stubs, W-2s, tax returns
Bank statements
Homeownership education certificate
Valid photo ID
34125 US Highway 19
Suites 110 and 200, Office 291
Palm Harbor, FL 34684
1.813466.4319
NMLS: 1693869 | 130562
Licensed by the Department of Financial Protection and Innovation (DFPI)