The Home Possible mortgage from Freddie Mac offers options and credit flexibilities to help low- to moderate-income borrowers buy a home. It has a low down payment requirement (as low as 3%) and easier credit score requirements. Use the Freddie Mac Lookup Tool to see if a subject property meets the county loan limit requirement. 

Freddie Mac continues to add more options to the Home Possible program, increasing its flexibility and making it a loan to consider for many borrowers. For example, co-signers don’t have to live in the same home, borrowers can own an additional financed property, and down payments can come from a variety of sources.

Home Possible also allows for an Affordable Second®, a secondary loan from a nonprofit group, state agency, or county agency. This helps give your client access to more funding.*

Key Features and Benefits 

  • Low down payments beginning at just 3%
  • Fixed-rate financing for easier budgeting
  • Co-borrowers who do not live in the home can be included for a one-unit residence
  • Borrowers can own one additional financed property
  • Down payment can come from a variety of sources including family, employer-assistance programs, secondary financing, and sweat equity
  • Temporary buydowns can reduce the starting interest rate for 1-2 years

Property Types 

  • Single-family (detached, attached)
  • 2-4 unit
  • Condominium
  • Modular home
  • Planned unit development (PUD) (detached, attached)

FICO®/Credit Score 

  • Credit scores as low as 620 are accepted

Additional Requirements 

Caliber Home Loans, Inc. ("Caliber") makes it easy for our Wholesale Business Partners to put borrowers in their dream homes. We’re available to answer any questions you may have and provide direct access to the entire application process online.

Once you’re a Caliber Business Partner, you’ll have immediate online access to the entire application process and all related forms. No paper, no traveling, and no mailing. We have the tools to help your clients close quickly.

*Guidelines subject to change. Refer to AllRegs® for details.

Join Us

Partnership at a higher caliber

Join Us