Your Guide to the Home Possible^® Mortgage

5 Things You Should Know About the Freddie Mac Home Possible^® Mortgage

1. Home Possible^® responsibly offers qualified very low- to low-income borrowers a low, 3% down payment financing option.
2. Borrowers can have additional financed properties.
3. Non-occupant co-borrowers may help borrowers qualify for a 1-unit property.
4. Many types of down payment sources are acceptable with Home Possible^®, including family, employer-assistance programs, secondary financing, and sweat equity.
5. At 20 percent equity, borrowers may cancel mortgage insurance -reducing monthly mortgage payments and potentially saving money over the life of the loan.

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https://sf.freddiemac.com/working-with-us/affordable-lending/all-for-home