Home Possible® Mortgage Programs

 

What are Freddie Mac's Home Possible Mortgages?

  • Affordable financing to serve low-to-moderate-income borrowers
  • Income limits apply
  • Homebuyer education and counseling is required (first-time homebuyers only)
  • Reduced MI for LTV 90% and above is offered for this program
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Program Details

  • Home Possible Advantage® - 97% on 1 unit
  • Home Possible® - 95% on 1-2 units, 3-4 units to 90% (with 660 FICO)
  • No borrower contributionrequired for SFR, 3% required for 2 units
  • CLTV 105% for 1 unit permitted on loans that meet affordable seconds guidelines with Home Possible Advantage®
  • Ratios per LP
  • 100% of the down payment can be gifted for 1 unit property

 
 
 

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Call Us: (972) 723-2611

Email Us: info@mamsw.com

 

Licensing Info:

NMLS # 317299

RMLO # 222329

 "CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
 THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV."
 

 

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