Freddie Mac Home Possible Affordable Loans

The Freddie Mac Home Possible® mortgage offers outstanding flexibility to fit a variety of borrower situations. Home Possible® responsibly offers qualified very low- to low-income borrowers a low, 3% down payment financing option. Non-occupant co-borrowers may help borrowers qualify for a 1-unit property. Many types of down payment sources are acceptable with Home Possible®, including family, employer-assistance programs, secondary financing, and sweat equity. At 20 percent equity, borrowers may cancel mortgage insurance -reducing monthly mortgage payments and potentially saving money over the life of the loan.