Freddie Mac Home Possible and Home Possible Advantage offer first-time home buyers and low- to moderate-income borrowers low down payments and flexible source of funds. Contact us at (562) 761-6959 or email us for more information about how we can assist you with your VA Loan!
Home Possible Features
- Purchase or rate/term refinance
- 1-4 unit primary residence
- Borrower’s own funds are not required for the down payment on 1-unit residence
- Borrowers are not required to be first-time homebuyers
- Homeownership education course required for first time homebuyers
- Income and property restrictions apply per Freddie Mac guidelines (income limits do not apply in underserved areas – LP® will determine applicability)
- Affordable Seconds® and institutional subordinate financing is allowed up to 95% CLTV
- Affordable Seconds are allowed up to 105% CLTV on Home Possible Advantage
- Lower mortgage insurance cost due to lower MI coverage requirements compared to standard Freddie Mac Programs
- Lender Paid Mortgage Insurance options offered
We are located in Long Beach, CA and service Long Beach, Huntington Beach, South Bay, Downey and Torrance area, as well as the entire State of California and nationwide.