Home Possible Neighborhood Solution® 97 Mortgage
Offers Flexible Credit Parameters for Community Workers
| Key Features |
- 15-, 20-, 30-, and 40-year fixed-rate mortgages
- 5/1 (2/2/5 caps), 7/1 and 10/1 CMT- and LIBOR-indexed ARMs
- Manufactured Homes eligible (with additional requirements)
- 1-to 2-unit Primary Residences
- Maximum financing up to 105 percent total loan-to-value (TLTV) for qualified borrowers
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Underwriting, Execution & Delivery
Would you like to offer additional flexibilities for teachers, firefighters, law enforcement officers, healthcare workers and military personnel in your community? With Freddie Mac's Home Possible Neighborhood Solution 97 Mortgage, you can reach more of these workers, helping them become homeowners in your community. Our flexible credit parameters include expanded debt-to-income ratios and extended temporary subsidy buydowns.
We've created a fact sheet [PDF] to help you underwrite, sell and deliver Home Possible Neighborhood Solution 97 Mortgages to Freddie Mac. We've designed this document to provide you with the high-level guidelines you'll need, however, it is not intended to be a complete source of information. Please refer to the Freddie Mac Single-Family Seller/Servicer Guide (Guide) for complete details.
Learn more about Home Possible Neighborhood Solution 97 Mortgages:
- Refer to Chapter A34 of the Guide
- Call (800) FREDDIE
Easy-to-print promotional versions of the fact sheets are available:
Subject to change without notice.
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