Good Morning!
I wanted to highlight an underused program in the mortgage market. …It’s Freddie Mac’s Home Possible.
Here are some highlights of this great program…
– 97% financing!
– Only .25% mortgage insurance rate! …compare to .85% for FHA and over 1% for 95% Conventional.
– No reserves required.
– Allows 3% seller contribution.
– There are income limits unless you purchase a property in an “underserved area”.
If you want a low down and very low mortgage insurance program this is a great one! Give me a call or shoot me an email to see if you qualify.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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