Discover the Possibilities with Home Possible and Home One

Watch our Webinar: Discover the Possibilities with Home Possible and HomeOne

Freddie Mac’s conventional low down payment program, Home Possible, can help you expand homeownership opportunities for your borrowers with low to moderate income as well as those with very low income. Learn more ways to qualify your clients and credit flexibilities to help your borrowers who make less than 80% of the AMI. No need to be first-time homebuyers, and borrowers can even own another financed property.

Freddie Mac Home Possible

Help more qualified borrowers overcome barriers to homeownership with Home Possible, a low down payment mortgage solution. Grow opportunities with:

  • 97% LTV

  • Boarder and ADU income permitted

  • Flexible down-payment sources

  • 30-year fixed

  • Manufactured Homes

  • No reserve required

  • Income flexibility

  • Reduced M.I. coverage

  • Lower monthly payments means less income needed to qualify

Plus, eligible Home Possible purchase loans may receive $2,500 in assistance if the loan meets certain requirements:

  • The loan must be underwritten in LPA and receive a Risk Class of Accept.

  • The borrower(s) must have qualifying income less than or equal to 50% of the area median income limit for the property’s location.

  • The full amount of the assistance must be applied directly to the borrower through the transaction and applied to down payment and/or closing costs.

  • The assistance may be used to offset the 3% minimum contribution requirement from borrower personal funds. 

All other Freddie Mac and Home Possible program requirements apply. 

JMAC Lending is an approved Freddie Mac and Fannie Mae seller/servicer and can fund these loans fast. We're here to help you qualify more borrowers and achieve greater success in every market. Let's fund!

Contact your Account Executive or email sales@jmaclending.com for more information.