![]() One such program is called Home Possible, and it’s backed by government-sponsored enterprise Freddie Mac.Ībout the Freddie Mac Home Possible mortgage Whether you need a small down payment, looser credit requirements, or income flexibility, there are options to help. These are among the reasons why many first-time home buyers - and even homeowners looking to refinance - don’t think they can qualify for mortgage financing.įortunately, there are a few different programs intended to help these borrowers. Some mortgage loan programs require you to put anywhere from 10 to 20% down on a home, have a preferred credit score, and meet strict income requirements. So it can be ideal for many first-time buyers who need an extra boost. The Home Possible mortgage program requires as little as 3% down and has looser lending requirements than some other loan types. ![]() ![]() If you’re dealing with any of these roadblocks, a Freddie Mac Home Possible loan could be the perfect solution. You might be worried about buying a house with low income or saving for a down payment. Today’s home buyers face plenty of obstacles. ![]() Septem10 min read Freddie Mac’s 3% down mortgage ![]()
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February 2023
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