Freddie Mac Home Possible®

A low down payment 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.

Freddie Mac Home Possible® specifications

1-Unit, fixed-rate only at max LTV of 97% and max loan amount at $424,100.
Minimum FICO 660 (with manual underwrite)

Features & Highlights

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

NMLS# 1253874 Advertised Rates effective as of the date Rates placed on Infinity Equity Group, Inc. dba Omega Mortgage Group website. Annual Percentage Rates may vary. This advertisement does not constitute a commitment to lend. Qualification for advertised mortgage scenarios is subject underwriting guidelines and credit review/approval. For mortgage loans other than fixed loans, it is possible that the borrower’s payment may increase substantially after consummation. The disclosed closing costs are only estimates. Actual closing costs may vary. The information contained herein is subject to change without notice.

Freddie Mac Home Possible®

A low down payment advantage

Freddie Mac Home Possible® specifications

Features & Highlights

Corporate Headquarters

Loan Types

Office Locations

Helpful Links