Freddie Mac Home Possible 3% Down Loan
February 22, 2022 ⚊ 1 Min read ⚊ Views 174 ⚊ FINANCE
Freddie mac home possible income limits advantage loan programs were created to offer low down payment mortgage options for first-time homebuyers with moderate incomes. These are conventional mortgage programs, but they only require 3% or 5% as the minimum down payments. With backing from freddie mac, the possible home programs can offer lower mortgage insurance rates (premiums), more flexible credit terms, and they allow for refinancing for existing homeowners.
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