Home Possible Loan
The Freddie Mac Home Possible® Loan offers more options and credit flexibilities than ever before to help very low to moderate income borrowers attain the dream of owning a home.
Home Possible features a low down payment requirement, allowing as little as 3% down, and allows down payment funds from a variety of sources.
Works with a Conventional Loan.
- 620 minimum credit score
- Low down payment of 3% for single-family properties
- 5% minimum down payment for 2-4 unit properties
- Flexible sources of down payments
- Lower mortgage insurance (as low as 12%)
