Home Possible® Loans
These days, many banks want to see 20% down before even thinking about underwriting a home mortgage. And even though the economy and job markets are continuing to recover, so are home prices. Sometimes, ever-changing financial factors make the dream of owning a home seem always just out of reach. But the federal government has several programs to help people like you purchase a home with as little as 3% down.
Just 3% Down
The Home Possible® and Home Possible Advantage® from Freddie Mac, the Federal Home Loan Mortgage Corporation, are mortgage programs that allow people to buy a home with just 3% down.
The Home Possible® and Home Possible Advantage® also allow current homeowners to refinance their existing mortgage up to 97% of the home value. If your home has gone down in value at all, but you think you can get into a lower rate, this could help lower your monthly payment.
Generous Income Limits
Many borrowers in metro areas think that their income is too high to qualify for government-associated loans like Home Possible® and Home Possible Advantage®. But that’s not the case. You can qualify with up to 180% of the AMI (Area Median Income), which opens the door to a whole lot of people.
Send us a message or give us a call to see if the Home Possible® or Home Possible Advantage® is a good solution for you!
Embrace What's Possible
The dream of owning a home could be that much closer thanks to the Home Possible® program through Freddie Mac. Ask us for help with your home mortgage today!