Using A Co-Signer? There's A Mortgage Loan For You.

Home Possible® is a low-down payment mortgage loan. It's backed by government mortgage agency Freddie Mac. 

Home Possible lets home buyers make a 3 percent down payment with access to reduced fees and lower-than-average interest rates.

Home Possible is popular because it gives home buyers:

  • Access to government-subsidized interest rates
  • Ability to buy a home with a 3% down payment
  • Ability to use boarder income to help with approval

Home Possible is terrific for co-signer situations.

Home Possible lets parents and children buy a home together, regardless of residence. Lenders call this a non-occupant co-borrower.

Also, when you use Home Possible and show a good credit rating, interest rates can be reduced by up to a half-percentage point.

Home Possible isn’t available to everyone. Freddie Mac only makes the program available in average- or low-income neighborhoods; and, to buyers whose household income is below the average for an area.

Ask us your Home Possible question in the chat. We're here to help.

Dan Green

Dan Green is a former mortgage loan officer and an industry expert. He's appeared on NPR and CNBC, and in The Wall Street Journal, Bloomberg, and dozens of local newspapers. Dan has helped millions of first-time home buyers get educated on mortgages, real estate, and personal finance. Have mortgage questions? Ask Dan in the chat.

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