Home Possible Mortgage
Welcome to Faith Lending:
Your Gateway to Affordable Homeownership with the Home Possible Mortgage
At Faith Lending, we are dedicated to helping you achieve your dream of homeownership. The Home Possible Mortgage, offered by Freddie Mac, provides an affordable and flexible option designed for low- to moderate-income borrowers. Whether you're a first-time homebuyer or looking to refinance, our team is here to support you every step of the way.
The Home Possible Mortgage offers a low down payment option with flexible credit and income guidelines, making homeownership more accessible for a broader range of borrowers. This program is ideal for those with limited savings and provides opportunities for refinancing existing mortgages.
100M+
Loans Funded
1000+
Families Served
25+
Years of Service
REQUIREMENTS FOR HOME POSSIBLE MORTGAGES
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Income Limits: Borrower’s income must not exceed 80% of the area median income (AMI).
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Credit Score: Minimum of 620.
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Down Payment: As low as 3% of the home's purchase price.
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Homeownership Education: Completion of an approved homeownership education course is required if all borrowers are first-time homebuyers.
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Debt-to-Income Ratio: Typically up to 50%, depending on the borrower’s credit profile and other factors.
Book your Appointment Today!
Book your Appointment and speak to our Loan Specialists!
Faith Lending Can Help by:
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Expert Guidance: Our team of mortgage professionals will assist you through every step of the FHA loan process, ensuring you understand all your options.
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Personalized Support: We provide tailored solutions to fit your unique financial situation and homeownership goals.
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Streamlined Process: Faith Lending simplifies the application and approval process, making it smooth and stress-free.
Discover how Faith Lending can help you achieve your homeownership dreams with an FHA loan. Reach out to our team to begin your journey to owning a home.
