![]() ![]() The main advantage of this loan is the low down payment: it only needs to be 3% of the cost of the home. Home Possible SpecificsĪ Freddie Mac Home Possible mortgage is a way for lower-to-moderate income clients to get their first mortgage when other paths are out of reach. Here are some details about one of these programs: the Freddie Mac Home Possible mortgage. However, there are ways to finance a home purchase other than a traditional mortgage. Raising the necessary funds to make the first down payment can be stressful for some people, and if you do not have a great credit score or are relatively unestablished, this can become an even more frustrating process. Getting a first mortgage can be a difficult task. ![]() ![]() What Is a Freddie Mac Home Possible Mortgage? ![]()
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