Home Possible
The Freddie Mac Home Possible mortgage program is designed to bring homeownership within reach to more borrowers. The program provides low down payment financing with discounted fees for creditworthy low- and moderate-income borrowers.
A&D Mortgage is a specialist in helping low- and moderate-income borrowers take advantage of this attractive homeownership opportunity and will guide you through the entire loan process.
Program highlights:
- Fixed-rate financing for easier budgeting
- Homebuyer education is required for first-time buyers
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Other Programs
HomeReady
- Down payments as low as 3%
- FICO 620
- Low income
- First-time or repeat home buyers
- Homeowner education helps to understand and manage the long-term financial commitments of homeownership
High Balance Conventional Loan
- Loan amounts up to $970,800 in high-cost areas for a single unit
- Eligible for primary and secondary homes
- More competitive rates and easier guidelines
- Faster turn times
Full Doc Non-QM
• FICO 660
• Up to 85% CLTV
• Loan amounts up to $3 million
• Max cash-on-hand $1 million, no limit for CLTV < 55%
• DTI up to 55%
• 30 & 40 Year Fixed, 5/6 & 7/6 ARM
• Traditional income
• 2-year credit event allowed
• Super Prime & Prime programs
• Condos up to 85% CLTV
• Condotels up to 70% CLTV
• NY up to 85% CLTV
12/24 Months Bank Statements
• No Score or FICO 660
• Up to 85% CLTV
• Loan amounts up to $3 million
• Max cash-on-hand $1 million, no limit for CLTV < 55%
• 30 & 40 Year Fixed
• 3 months reserves
• Gift Funds for reserves allowed
• 12 months from bankruptcy or foreclosure
• Mortgage history 0 x 60 x 12
• Combination of business and personal bank statements allowed
• Condo and condotels allowed