Home Possible®

Freddie Mac Home Possible® Loan

Flexible, affordable financing for today’s homebuyers—even on multi-unit properties.

At Resolute Lending, we’re proud to offer the Freddie Mac Home Possible® mortgage, a conventional loan program designed to expand access to homeownership with low down payment options, reduced interest rates, and flexible qualifying guidelines.

Whether you're a first-time buyer, a house hacker, or a returning homeowner, this program may be a great fit—especially if you're looking to purchase a 1- to 4-unit primary residence.

Key Benefits of Home Possible®

• No First Time Home Buyer Requirement
  First time home buyers and non-first time home buyers alike take advantage of the powerful benefits that HomePossible has to offer.
• Low Down Payment
  • Just 3% down on 1-unit properties (No first time home buyer requirement)
  • Only 5% down on 2- to 4-unit homes (Traditional loans require 15–20% down for multi-unit homes)
• Affordable Interest Rates
  Home Possible loans often come with lower interest rates compared to standard conventional mortgages, especially for borrowers with a qualifying credit score of 680 or above.
• Discounted PMI
  You’ll pay less in monthly private mortgage insurance (PMI), saving you money every month.
• Flexible Debt-to-Income (DTI) Ratios
  Borrowers may qualify with DTI ratios as high as 50%, helping more people qualify—even with other debt obligations.
• Co-Borrower Flexibility
  Non-occupant co-borrowers are allowed on 1-unit properties, which can help more families qualify.

Who Qualifies for Home Possible?

• Income Limits Apply
  Your qualifying income (not household income) must be at or below 80% of the area median income (AMI).
  🔍 Use Freddie Mac's Eligibility Map to check income limits for your area.
• Primary Residence Only
  This program is for people buying a home to live in, not investment properties or second homes.
• Credit Requirements
  Minimum credit scores may apply, but Home Possible is designed to support borrowers with limited credit history or lower scores.
• Homebuyer Education
  First-time buyers must complete a free, online homeownership course: CreditSmart Homebuyer Education

Eligible Property Types

• Single-family homes (1-unit)
• 2- to 4-unit primary residences
• Condominiums and townhomes
• Manufactured homes (with certain restrictions)

Is Home Possible Right for You?

The Home Possible loan could be your best path to buying a multi-unit home with less money down—and more flexibility. This is especially powerful for buyers who want to live in one unit and rent out the others to offset their mortgage.