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Key Highlights
The Benefits
Low Down Payment
Eligible buyers may qualify with less upfront cash.
Flexible Qualification
Designed to make homeownership more accessible.
Conventional Financing
Enjoy the benefits of a conventional mortgage.
What's Required
Program Eligibility
Borrowers must meet Home Possible® guidelines.
Mortgage Qualification
Income, credit, and assets are reviewed.
Primary Residence
The home must generally be owner-occupied.
The Ins & Outs
How it Works
Freddie Mac's Home Possible® mortgage is designed to help eligible homebuyers achieve homeownership with affordable financing options and flexible qualification guidelines. Whether you're purchasing your first home or buying again, Home Possible® can provide a low down payment conventional financing solution.
Home Possible® is available for eligible primary residences and is designed to expand access to homeownership while providing the benefits of a conventional mortgage.
Example Scenario
A homebuyer has stable income and good credit but wants to keep more money in savings after closing. A Home Possible® mortgage provides an affordable conventional financing option with a low down payment.
What is a Home Possible® mortgage?
Home Possible® is a conventional mortgage program from Freddie Mac designed to help eligible borrowers achieve homeownership with affordable financing options.
Do I have to be a first-time homebuyer?
No. While Home Possible® is popular with first-time buyers, repeat homebuyers may also qualify if they meet the program requirements.
How much do I need for a down payment?
Eligible borrowers may qualify with a low down payment, subject to Home Possible® guidelines and lender requirements.
What type of home can I purchase?
Home Possible® is generally available for eligible owner-occupied primary residences.
How is Home Possible® different from a standard Conventional loan?
Home Possible® includes additional eligibility features designed to make conventional financing more accessible for qualified homebuyers who meet the program requirements.
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