First Mortgage Blog

Everyone is talking about…………

Freddie Mac Home Possible Mortgage ® & Home Possible Advantage SM

Below are a Few Highlights for the Home Possible Advantage 97% Program.

** Designed for….First-Time Home Buyers, Repeat Buyers & Low to Moderate Income Borrowers

Flexible Terms: Low Down Payments & Flexible Source of Funds.

• Purchase or Rate& Term Refinance
• Up to 97%  Loan to Value
• Fixed Rate & 30-Year Term
• 1 Unit Primary Residence
• Low Mortgage Insurance Cost
• Borrowers may not own any other properties to qualify for this program but don’t have to be first time homebuyers
• Borrowers’ own funds not required for 1-unit properties
• No reserves required, lowering cash needed to close
• Income Limitations Apply... Call with Questions

Homeownership education course required for first time home buyers only.

Please Call with Any Additional Questions on this Great Loan Program

Dennis O’Donoghue

Direct: 773-499-6364