Up to 97% financing

100% of down payment and closing costs may be gifted

No credit score required subject to AUS on standard conforming loan limits

Up to 6 financed properties

Appraisal transferred allowed on standard conforming loan limits

Up to 95% financing

Minimum FICO 620

Up to 6 properties owned

Up to 105/150% LTV/CLTV

Minimum FICO 620

No mortgage insurance

PIW is acceptable subjecto AUS

Low down payment – up to 97% LTV financing for home purchases

No first-time buyer requirement

Flexible sources of funds with no minimum contribution from the borrower’s own funds (one-unit properties)

No income limit; low-income census tracts

Competitive pricing meets or beats Fannie Mae’s standard loan pricing

Rental and boarder income may be considered for qualifying

Expanded DTI ratio when using addl. household income from non-borrowers

Cancellable private mortgage insurance

Home Possible - 95% LTV, TLTV

Home Possible Advantage - 97% LTV (105% TLTV available with Affordable Secondary Funding)

Flexible down-payment sources

Up to 30-year fixed

No reserve required

Income flexibility

Reduced M.I. coverage

Lower monthly payments means less income needed to qualify

No Borrower geographic or income limits

Purchase and No Cash Out refinances

Homebuyer education is required when all borrowers are first-time homebuyers (at least one borrower must be a First-Time Home buyer)

Available on One-Unit properties

Primary Residences only

Fixed Rate financing only

Allows both Affordable Seconds and other secondary financing per JMAC and FHLMC lending guidelines

FHMLC LPA – Accept findings only (no manual underwriting)

No minimum borrower contribution

All borrowers must occupy subject

No Cash Out Refinances up to 97% LTV (For LTV’s between 95.01-97%, the property must be currently owned by FHLMC)