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Easier qualifying and lower costs make homeownership possible for buyers with low-to-moderate incomes

Home Possible® is a Freddie Mac program designed to help borrowers with low-to-moderate incomes fulfill their dream of owning a home. It offers low down payments and has easier credit score requirements.

This program has other unique guidelines and options. For example, you could qualify for an Affordable Second – a secondary loan from a nonprofit group or a state or county agency, giving you access to more funding.

Key Features and Benefits: 

    • Down payments of as low as 3%.

    • Credit scores as low as 620 are accepted.

    • Fixed-rate financing for easier budgeting.

    • Several property types are allowed, including single-family homes, 2-4 unit properties, modular homes, condominiums and homes in Planned Unit Developments (PUDs).  

    • Temporary buydowns can reduce your starting interest rate for 1-2 years.

    • Co-borrowers who do not live in the home can be included in a one-unit residence. 
    • Homebuyer education is required for first-time buyers. 
    • Down payments as low as 3% depending on your loan amount.

Estimate your monthly payment

Update the information below to estimate your monthly payment

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/ year

Private Mortgage Insurance typically costs between 0.5% to 1% of the entire loan amount over 80% LTV on an annual basis.

/ year

Your Monthly Payment


Your Payment

Monthly Principal & Interests : $1145.80

Monthly Real Estate Taxes : $316.67

Monthly Insurance : $66.67

Monthly PMI : $0.00

Total Monthly Payments : $1529.13

Additional Information

Loan To Value Ratio : 80.00%

Months With PMI : 0 months

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