Freddie Mac Home Possible®: Making Homeownership More Accessible

Buying a home can be challenging, especially when saving for a down payment or navigating loan requirements. Freddie Mac Home Possible® is a conventional mortgage program designed to help low- to moderate-income buyers achieve homeownership with flexible guidelines and reduced upfront costs.

What Is Freddie Mac Home Possible®?

Freddie Mac Home Possible® is a conventional loan program that offers low down payment options, flexible credit requirements, and discounted fees. It is available to both first-time and repeat homebuyers who meet income eligibility requirements.

Program Highlights

This program includes features that help more buyers qualify:

• Low down payment options (up to 97% financing)
• Minimum credit score of 620
• Debt-to-income ratios up to 50%
• Income limits up to 80% of the Area Median Income (AMI)
• Loan amounts up to $832,750
• Eligible for 1–4 unit properties, condos, and PUDs
• Manufactured homes are allowed with restrictions
• Homebuyer education required for first-time buyers

Why Buyers Choose Home Possible®

Home Possible® offers benefits that make it an attractive alternative to other low-down-payment loan programs:

• Cancelable mortgage insurance
• Temporary rate buydown options
• Certain credit fees are capped, helping reduce upfront costs

Is Home Possible® Right for You?

This program may be a good fit for buyers who have stable income, limited savings for a down payment, and are looking for a conventional loan with flexible qualification guidelines.