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HOME POSSIBLE®
Loans
Home Possible® is a FreddieMac mortgage program that was introduced in 2014 to help low- to moderate-income homebuyers fund their dreams of homeownership. Some of the benefits of this program are down payments as low as 3%, low fees, and low mortgage requirements. If your credit score is lower than 660 for purchase or 680 for cash-out refinance, you may want to check out our HomeReady® program instead.
Find a loan officer or branch near you to get started! We’re here to help answer all your questions and help you understand the qualifying guidelines of any loan program you choose.
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PROPERTY TYPES:
- New or existing residential property
- Condominiums
- Planned Unit Developments (PUDs)
- 1-4 unit properties
- Some manufactured homes
- Modular homes
RESIDENCY TYPES:
- Primary Only
- Non-occupying borrowers are permitted
LOAN TYPES:
- First-Time Homebuyer
- Purchase
- No Cash-Out Refinance