Your Guide to the Home Possible ® Mortgage

Image of a quote from David Blazek

Empower borrowers to make informed decisions for responsible homeownership by eliminating a common barrier with a down payment as low as 3%.

The Freddie Mac Home Possible ® mortgage offers more options and credit flexibilities than ever before to help very low- to-low-income borrowers attain the dream of owning a home. Take a look…

5 personas Nov 2023

Explore Home Possible ®

The Benefits of Home Possible ®

Explore the benefits of choosing a Home Possible ® mortgage.

Allow for flexible sources of funding for down payment and combinable with many other types of down payment assistance.
Apply sweat equity for up to the entire amount of the down payment and closing costs by applying construction skills for necessary improvements.
Provide qualified, very low- to low-income borrowers, and those who live within low income census tracts, a maximum financing option with maximum flexibility.
Enable the dream of home, whatever it may look like; single-family, manufactured housing or condominium.
Cancel mortgage insurance upon reaching 20 percent equity, reducing the monthly mortgage payment, and potentially saving thousands over the life of the loan.
Enable empowered decisions and life-long responsible homeownership with required financial literacy education, which can be fulfilled by Freddie Mac’s online, free CreditSmart ® Homebuyer U tutorial.

Make Home Possible ®

Let’s Get Started

Getting started with a Home Possible mortgage is easy!

Find videos and other materials for all your Home Possible ® training and education needs.

Home Possible ® Mortgage Factsheet
Home Possible ® Income Eligibility Training – for Freddie Mac Seller and Servicer Clients
Home Possible ® Mortgage: Discover the Possibilities
Loan Product Advisor ®

If you’re a lender, real estate or housing professional, we invite you to join us at industry conferences, workshops, and events.

Check for Eligibility

The Freddie Mac Home Possible ® mortgage offers outstanding flexibility to fit a variety of borrower situations. With Home Possible, we’re all for helping you capitalize on opportunities to meet the financing needs of very low- to low-income borrowers looking for low down payment options and flexible sources of funds. Use the resources below to check your borrower and location eligibility.

Home Possible ® Income and Eligibility Tool
Home Possible ® Mortgage Requirements

Already a Home Possible Pro?

The RISE (Recognizing Individuals for Sustained Excellence) Awards showcase top Home Possible ® mortgage producers who are committed to making homeownership a reality for very low- to low-income borrowers.

Award winners represent national and local lending companies, as well as their standout loan originators who are committed to making responsible and sustainable homeownership a reality.