Want to own your own home? It's possible! If you are ready to purchase your own home and leave the rental life behind (see ya, landlord!), Home Possible was designed just for you. The Home Possible loan program provides financing options for qualified low and moderate income borrowers.
To qualify for a Home Possible loan, you don't have to be a first-time homebuyer, and there is no minimum reserve requirement (meaning you don't have to have a big savings account). Some other features include:
As low as a 3% down payment (wow!)
Homebuyer education required for first-time buyers
Income restrictions may apply
Home Possible was designed to bring homeownership within reach to more borrowers. This means you! Find a mortgage loan professional in your area to learn more or to schedule a consultation.