Discover the Possibilities with Home Possible®

5 Things You Should Know About the Freddie Mac Home Possible® Mortgage

  1. Home Possible® responsibly offers qualified very low- to low-income borrowers a low, 3% down payment financing option.
  2. Borrowers can have additional financed properties.
  3. Non-occupant co-borrowers may help borrowers qualify for a 1-unit property.
  4. Many types of down payment sources are acceptable with Home Possible®, including family, employer-assistance programs, secondary financing, and sweat equity.
  5. At 20 percent equity, borrowers may cancel mortgage insurance -reducing monthly mortgage payments and potentially saving money over the life of the loan.
Image of a quote from David Blazek

Who Are Ideal Borrowers?

Empower borrowers to make informed decisions for responsible homeownership by eliminating a common barrier with a down payment as low as 3%.

The Freddie Mac Home Possible® mortgage offers more options and credit flexibilities than ever before to help very low- to-low-income borrowers attain the dream of owning a home. Take a look…

5 personas Nov 2023

Explore Home Possible®

The Benefits of Home Possible®


Explore the benefits of choosing a Home Possible® mortgage.

  • Allow for flexible sources of funding for down payment and combinable with many other types of down payment assistance.
  • Apply sweat equity for up to the entire amount of the down payment and closing costs by applying construction skills for necessary improvements.
  • Provide qualified, very low- to low-income borrowers, and those who live within low income census tracts, a maximum financing option with maximum flexibility.
  • Enable the dream of home, whatever it may look like; single-family, manufactured housing or condominium.
  • Cancel mortgage insurance upon reaching 20 percent equity, reducing the monthly mortgage payment, and potentially saving thousands over the life of the loan.
  • Enable empowered decisions and life-long responsible homeownership with required financial literacy education, which can be fulfilled by Freddie Mac’s online, free CreditSmart® Homebuyer U tutorial.

Discover the vast possibilities of Home Possible for your borrowers.

Make Home Possible®

Let’s Get Started

Getting started with a Home Possible mortgage is easy!

Find videos and other materials for all your Home Possible® training and education needs.

If you’re a lender, real estate or housing professional, we invite you to join us at industry conferences, workshops, and events.


Check for Eligibility

The Freddie Mac Home Possible® mortgage offers outstanding flexibility to fit a variety of borrower situations. With Home Possible, we’re all for helping you capitalize on opportunities to meet the financing needs of very low- to low-income borrowers looking for low down payment options and flexible sources of funds. Use the resources below to check your borrower and location eligibility.


Already a Home Possible Pro?


The RISE (Recognizing Individuals for Sustained Excellence) Awards showcase top Home Possible® mortgage producers who are committed to making homeownership a reality for very low- to low-income borrowers. 

Award winners represent national and local lending companies, as well as their standout loan originators who are committed to making responsible and sustainable homeownership a reality.