Freddie Mac Home Possible® Advantage

Freddie Mac’s Home Possible Advantage and Home Possible products are designed for low-to-moderate income homebuyers and/or individuals purchasing or refinancing properties in target areas. Compare to Fannie Mae HomeReady.

Although similar to the Fannie Mae HomeReady program, Home Possible offers different benefits for qualifying homebuyers in the areas this program was intended to target.

Home Possible specifications

  • 1-Unit, fixed-rate only at max LTV of 97% and max loan amount at $453,100

Min FICO

  • 660 (with manual underwrite)

Disclaimers: This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval. Equal Housing Lender.

Some of the benefits of the Home Possible programs are

  • Low down payment options
  • Lower MI Coverage/MI Premium for LTVs Exceeding 90%
  • Interested Party Contributions Allowable

Ask your Movement loan officer if you’re eligible for the advantages of a Freddie Mac Home Possible loan.

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