–Home Possible® Advantage Mortgage – As low as 3% Down payment, must meet income requirement levels, the purpose of the Home Possible® Advantage mortgage by Freddie Mac is to offer a low down payment for low- to moderate-income homebuyers or buyers in high-cost or underserved communities. Also, the Down Payment can come from a variety of sources, family, down payment assistance programs. Full income verification is required.
– The HomeReadyTM Mortgage – As low as 3% Down Payment, must meet income requirement levels the purpose of the HomeReadyTM mortgage by Fannie Mae is to provide flexibility for buyers to buy home with a low down payments, below market mortgage rates, co-borrower flexibility, additional income sources and reduced mortgage insurance costs. Full income verification is required.
– Second time buyer – 95% Down Payment – Full income verification is required for the best rates or we have stated income products available as well, send your scenario on our scenario page.