Home Possible Mortgages

Compared to Conventional Loan

  • Lower down payment
  • Lower mortgage insurance rates for qualified credit scores
  • Lower interest rates than other conventional loans with qualified credit scores

Benefits of a Home Possible Mortgage

  • Low money down. As low as 3% down for home purchase’s and refinance’s.
  • No minimum contribution required from the borrower’s own funds.
  • Homeownership education course is required. Some available for free from our insurer’s

Home Possible® Mortgage Features

  • Freddie Mac offer’s 35 and 5% down solutions
  • First-time buyer or previous home buyer.
  • Mortgage insurance is reduced compared with standard requirements and automatically drops off at 78% loan to value.
  • Down Payment can come from a family member, employer-assistance programs and secondary financing.
  • Flexible mortgage terms fixed rate 30 yr for 97% LTV 15 10 30 yr terms for 95% LTV
  • Household income considered for qualifying.
  • Primary residence only all borrowers must occupy the property

Home Possible Mortgage Eligibility

Click here to see if you are eligible.

Get Pre-Approved for a Home Possible Mortgage

We focus on Southfield, Macomb Township, Clinton Township, Chesterfield Township, Harrison Township and St. Clair Shores, but offer home loans across all of Michigan.