The HomePossible program is Freddie Mac’s community lending product that offers additional flexibility and options to meet a variety of borrowers’ home financing needs.
-Up to 97% loan to value
-Boarder Income allowed
-Available for owner occupied, 1 to 4-unit properties
-Loan Amounts up to $424,100
-Up to 50% debt to income ratio
-Credit scores as low as 620
-Homeownership education course is required Income limits apply. Check HUD Area Median Income Limits for income eligibility.
-Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply.