Freddie Mac Home Possible
Freddie Mac program helps qualified borrowers with a low down payment mortgage solution.
Benefits
- Available with Fixed Rate Mortgages
- Down payment and closing costs can be paid by borrower, gifts, agency approved grants and/or agency approved Affordable Seconds
- Low down payment option, up to 97% loan-to-value (LTV)
- Reduced Private Mortgage Insurance
Details
- Primary 1-unit Owner-occupied purchases only
- Single Family Residences, PUDs, Agency approved Condos and Manufactured Homes
- Borrowers must be at or below 80% of area median income (AMI)
- Borrowers with income at 50% of AMI or lower may qualify for a limited-time program credit of $2,500 that can be used for down payment and closing costs (available for loans closing on or before February 28, 2026)
- Homeownership education course required for first-time homebuyers
The offer of credit is subject to credit approval.