Expand Homeownership Opportunities
May 28, 2015
Freddie Mac Home Possible® Mortgages provide responsible financing options for qualified low- and moderate-income borrowers needing low down payments and flexible sources of funds.
The new Freddie Mac Home Possible AdvantageSM Mortgage offers even more financing flexibility with maximum 97 percent loan-to-value (LTV) and 105 percent maximum total LTV (TLTV) ratio limits.
We’re simplifying the delivery fee structure to help Home Possible remain affordable to first-time homebuyers and low- to moderate-income borrowers with secondary financing that is not an Affordable Second. Beginning September 1, 2015, Home Possible Mortgages will have a fixed 50 basis points delivery fee rate – regardless of a mortgage’s LTV/TLTV ratio and Indicator Score.
Find out more about Home Possible mortgages and how you can expand homeownership opportunities to even more qualified borrowers: