Home Possible® Mortgages
Realizing new possibilities to expand your business

Strengthen your market potential with Home Possible Mortgages.  Home Possible Mortgages are a responsible, low down payment mortgage option that will help you realize new possibilities to expand your mortgage business and help more borrowers realize their dream of homeownership.

Home Possible provides you with an easy and convenient way to expand your reach in rapidly growing markets for first-time homebuyers, military, new immigrant and low- to moderate-income borrowers.  Increase your origination volume, lower your costs and increase your Community Reinvestment Act-eligible volume every step of the way using Home Possible Mortgages.

Key Features

• Fixed-Rate Mortgages (15, 20, 30 and 40-year)
• Adjustable-Rate Mortgages (5/1 (2/2/5), 7/1, and 10/1 CMT and LIBOR-indexed ARMs)
• No cash-out refinancing
• Closing costs paid by
  • Second lien
  • Grant from a local housing finance agency, nonprofit or employer
  • Gift from a related person
  • 3% property seller contribution

Key Benefits

• Additional flexibilities for teachers, firefighters, law enforcement officers, healthcare workers and military personnel, including members of the United States Army, Navy, Air Force, Marines, Coast Guard and National Guard
• Easy assessment of mortgages through Loan Prospector®, and convenient sale process through Freddie Mac’s selling system
• Reduced mortgage insurance coverage levels

Home Possible Homeownership Education Requirement

Homeownership education is required for first-time homebuyers for purchase transaction Home Possible Mortgages.

This requirement stresses the importance of utilizing a curriculum that contains the minimum core content specified by the National Industry Standards for Homeownership Education and Counseling. These standards help ensure quality education and counseling is delivered with fairness and respect to homebuyers and homeowners.

• Get the details of our homeownership education requirement [PDF 120K]
• Explore the standards on the National Industry Standards for Homeownership Education and Counseling Web site

Consumer Outreach and Education Services

As part of its mission to make housing more accessible and affordable, Freddie Mac has developed a series of initiatives to assist lenders in working with borrowers who are unfamiliar with the homebuying process.