HomeOne versus HomePossible
Thinking About Buying Your First Home?
If it seems like your renting forever, your not alone. Many people think it’s impossible to save up enough money to buy a house, but two Freddie Mac loans require just a 3% down payment.
HomeOne | Home Possible |
Fixed Interest Rate | Fixed or Adjustable Interest Rate |
3% Down Payment | 3% Down Payment |
At least one Borrower is a First Time Homebuyer | First Time and Repeat Homebuyers |
Homeowner education for First Time Homebuyers | Income limits may apply |
Standard mortgage insurance coverage required for down payments less than 20% | Lower Mortgage Insurance required for some transactions |
New home purchase or mortgage refinance (cash-out refinance not available) | New home purchase or mortgage refinance (cash-out refinance not available) |
Contact me today to find a loan that puts your dreams of homeownership within reach. Already a homeowner? Let’s find out if a Freddie Mac refinance can lower your monthly payment.