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See which loan program is best suited for you and your family.


What is the Home Possible loan program?

Some mortgage loan programs require you to put anywhere from 10 to 20% down on a home, have a preferred credit score, and meet strict income requirements.

These are among the reasons why many first-time home buyers — and even homeowners looking to refinance — don’t think they can qualify for mortgage financing.

Fortunately, there are a few different programs intended to help these borrowers. Whether you need a small down payment, looser credit requirements, or income flexibility, there are options to help.

One such program is called Home Possible, and it’s backed by government-sponsored enterprise Freddie Mac.


To qualify for a Home Possible mortgage loan, you have to meet eligibility requirements set by Freddie Mac and your lender. Briefly, you’ll need:

  •  A 620 or higher credit score

  • A 3% down payment

  • Gift funds eligible for down payment requirements

  • A DTI below 43%, below 45% for manually underwritten files


  • Stable income and steady employment

  • Household income no higher than 80% of your area’s median

  • You’ll live in the home as a primary residence

If you would like to learn more about any loan, please call us

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