First Time Homebuyer Options

Freddie Mac Home Possible® 

The Freddie Mac Home Possible® mortgage loan is a great option for first time homebuyers and borrowers with low-to-moderate income. Home Possible® is available for new home purchases with reduced mortgage insurance and offers flexible sources of funds for down payment and closing costs.

Fannie Mae HomeReady®

The Fannie Mae HomeReady® program is great for first time homebuyers and borrowers with little or no credit history. HomeReady® is available with a variety of options designed to address some of the most common obstacles homebuyers face when purchasing a home. It offers options to help minimize or alternatively document cash for down payment and closing costs, more flexibility when qualifying for the minimum payment using your income, and a lower minimum credit score requirement than most mortgage programs.