Wednesday, July 1st, 2026 at 5:48pm
Home Ready and Home Possible
There are two really great loan programs offered by Fannie Mae (Home Ready) and Freddie Mac (Home Possible) that combine low down payment loans with superior mortgage terms. These products even have better terms in many cases than standard conventional financing at a variety of down payment amounts. Program Highlights: 3% Down minimum for loan amounts up to $832,750. 5% Down minimum for loan amounts $832,751-$1,249,125. If putting less than ten percent down, reduced mortgage insurance in comparison to standard financing (with various MI options, more info here: https://alexjaffe.com/mi) No MI with 20%+ down. Credit score tolerant for credit scores 680-739 (Lower credit...
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