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Synovus Mortgage Corp. expands its reach with Home Possible® Mortgages
Flexibility and affordability are the name of the game in today's housing market, especially for lenders working with low- and moderate-income borrowers and first-time homebuyers.
In Georgia and Alabama, Synovus Mortgage Corp. has had great success expanding affordable mortgage opportunities through Freddie Mac's Home Possible Mortgages. This Southeast mortgage lending company had taken advantage of Home Possible Mortgages' competitive interest rates, reduced mortgage insurance options, and low down payment requirements to help many borrowers achieve their homeownership goals. Here's what they're saying at Synovus:
- Melinda Bowen, sales manager in Warner Robins, Georgia: "Home Possible, offered by Freddie Mac, is an excellent loan program that offers my customers the ability to qualify for up to 100% of the sales price. When pre-qualifying customers, I usually run Good Faith Estimates on several products to show them alternatives. They choose Home Possible every time! The program offers great rates, lower PMI, and the option of Lender-Paid MI. The flexible underwriting and low down payment options allow my customers to experience their dream of homeownership that they may not be eligible for otherwise."
- Michelle Robinson, sales manager in Alabama: "Home Possible Mortgages are very easy to work with and perfect for lower income buyers. Since the MI is discounted, it still makes their payment very affordable. I definitely feel that this product makes a difference in filling a need for lower income buyers with little to no down payment."
For more information on the flexibility and affordability features of Home Possible Mortgages:
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