Home Possible® and Home Possible Advantage

Home Possible® and Home Possible Advantage

Freddie Mac Home Possible and Home Possible Advantage offer first-time home buyers and low- to moderate-income borrowers low down payments and flexible source of funds.

- Purchase or rate/term refinance

- 1-4 unit primary residence.

- Borrower’s own funds are not required for the down payment on 1-unit residence.

- Borrowers are not required to be first-time homebuyers.

- Homeownership education course required for first time homebuyers.

- Income and property restrictions apply per Freddie Mac guidelines (income limits do not apply in underserved areas - LP will determine applicability) ®

- Affordable Seconds and institutional subordinate financing is allowed up to 95% CLTV.

- Affordable Seconds are allowed up to 105% CLTV on Home Possible Advantage.

- Lower mortgage insurance cost due to lower MI coverage requirements compared to standard Freddie Mac Programs.

- Lender Paid Mortgage Insurance options offered.

Yessica Moore

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Megan M. Root

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Susana E. Hervias

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