Home Possible Mortgage Program
Home Possible is a Freddie Mac mortgage program designed to help low- to moderate-income borrowers achieve homeownership with flexible options and low down payments.
Key Benefits
- Down payment as low as 3%
- Flexible income sources allowed
- Cancellable mortgage insurance
- Sweat equity applies to down payment
Detailed Benefits
- Minimum 3% Down Payment - Own a home without needing 20% down.
- Flexible Sources of Funds - Gifts from relatives, government agencies, and employer-assisted programs accepted.
- Cancellable Mortgage Insurance - Cancel at 20% equity (78-80% LTV ratio).
- Sweat Equity Option - Apply sweat equity for the entire down payment and closing costs.
Contact Secure Choice Lending at (951) 733-8925 or info@securechoicelending.com. NMLS #1689518.