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conforming Loan Products

fannie mae conforming/high-balance (FNMA)


•  Up to 97% financing
•  100% of down payment and closing costs may be gifted
•  No credit score required subject to AUS on standard conforming loan limits
•  Up to 10 financed properties
•  Appraisal transferred allowed on standard conforming loan limits


freddie mac conforming/high balance (FHLMC)


•  Up to 95% financing
•  Minimum FICO 620
•  Up to 6 financed properties



home ready

Home Ready is an affordable low-down-payment mortgage product designed for creditworthy low- to moderate-income borrowers.

•  Low down payment – up to 97% LTV financing for home purchases
•  No first-time buyer requirement
•  Flexible sources of funds with no minimum contribution from the borrower’s          own funds (one-unit properties)
•  No income limit; low-income census tracts
•  Competitive pricing meets or beats Fannie Mae’s standard loan pricing
•  Rental and boarder income may be considered for qualifying
•  Expanded DTI ratio when using addl. household income from non-borrowers
•  Cancellable private mortgage insurance

Home Possible

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•  Home Possible - 95% LTV, TLTV
•  Home Possible Advantage - 97% LTV (105% TLTV available with
   Affordable Secondary Funding)
•  Flexible down-payment sources
•  Up to 30-year fixed
•  No reserve required
•  Income flexibility
•  Reduced M.I. coverage
•  Lower monthly payments means less income needed to qualify


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  • No Borrower geographic or income limits

  • Purchase and No Cash Out refinances

  • Homebuyer education is required when all borrowers are first-time homebuyers (at least one borrower must be a First-Time Home buyer)

  • Available on One-Unit properties

  • Primary Residences only

  • Fixed Rate financing only

  • Allows both Affordable Seconds and other secondary financing per JMAC and FHLMC lending guidelines

  • FHMLC LPA – Accept findings only (no manual underwriting)

  • No minimum borrower contribution

  • All borrowers must occupy subject

  • No Cash Out Refinances up to 97% LTV (For LTV’s between 95.01-97%, the property must be currently owned by FHLMC)