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

 

Posted by Dennis ODonoghue on September 15th, 2015 12:09 PM