Mortgage Programs
Home Possible®
Achieve Your Homeownership Goals With Home Possible® by Freddie Mac
The Freddie Mac Home Possible® mortgage offers more options and credit flexibilities than ever before to help very low-to low-income borrowers attain the dream of owning a home.
In addition to its down payment requirement of as little as 3%, Home Possible now offers more options to responsibly increase homeownership for more borrowers. Co-borrowers who do not live in the home can be included for a borrower’s one-unit residence, borrowers are permitted to have another financed property, and more –all with competitive pricing and the ease of a conventional mortgage.
Program Details
Key features of the Home possible program include:
- Low down payment - as low as 3%
- Flexible source of funds for down payment and closing costs
- Cancellable mortgage insurance (some restrictions apply)
- Income limits based on geographic area
- Completion of homeownership education course required
Contact Our Mortgage Team
Click the button below to fill out our ‘Contact Us’ form, and a GRB Mortgage Originator will be in touch to answer your questions!