Home Possible® Loan

At Heartland Mortgage, we're excited to introduce the Freddie Mac Home Possible® mortgage, designed to offer a range of options and credit flexibilities for your very low-to low-income borrowers, making the dream of homeownership more attainable.

Exterior of blue home with lights on inside

What is a Home Possible Loan?

With a minimal down payment requirement of just 3%, Home Possible goes even further by providing additional options to responsibly increase homeownership opportunities. Now, co-borrowers who don't reside in the home can be included for a borrower's one-unit residence, borrowers are allowed to have another financed property, and more – all with competitive pricing and the convenience of a conventional mortgage.

At Heartland Mortgage, we are committed to helping you offer affordable solutions to a broader range of creditworthy borrowers. By doing so, we aim to not only enhance your business but also contribute to the betterment of our communities. Together, let's make homeownership dreams a reality.

Who is Home Possible Loan for?

  • Borrowers desiring a low down payment solution with flexible sources of funds.
  • Very low-to low-income borrowers.
  • First-time homebuyers, move-up borrowers and retirees.

What are the benefits of a Home Possible Loan?

The Home Possible® loan offers benefits such as a low down payment requirement (as little as 3%), flexible credit options, the ability to include non-resident co-borrowers, financing for multiple properties, competitive pricing, and a focus on expanding homeownership opportunities. This program is designed to make homeownership more accessible, particularly for low-to-moderate-income individuals.

Why should you get a Home Possible Loan?

Getting a Home Possible® loan is advantageous for several reasons. With a low down payment requirement, flexible credit options, and the ability to include non-resident co-borrowers, this program aims to make homeownership more accessible. Additionally, the financing for multiple properties and competitive pricing further enhance the appeal of Home Possible® loans, making them a compelling choice for those seeking an affordable path to homeownership.

Key Product Features

  • Low down payment option, up to 97% loan-to-value (LTV); 105% total LTV (TLTV) with Affordable Seconds®
  • Purchase and no cash-out refinancing
  • Owner-occupied primary residences
  • Super conforming mortgages (with additional restrictions)
  • Fixed- and certain adjustable-rate mortgages (with associated LTV/TLTV/HTLTV requirements)
  • Condos, planned unit developments (PUD) and manufactured homes (with additional restrictions)

Getting started is easy. We offer competitive rates, have great service, and local processing.

Licensing

Heartland Mortgage, Inc.
Co. NMLS# 3205
Bobbie Jo Haggard
NMLS# 92472
Licensed to do business in
Washington & Oregon

NMLS Consumer Access

Equal Housing Opportunity

Contact Bobbie Jo

Heartland Mortgage, Inc. - Bobbie Jo Haggard
30 S Palouse St
Walla Walla, WA 99362

Direct: (509) 301-1661
Office: (509) 529-3280- Ask for Bobbie Jo
Fax: (509) 522-1074
efax: (509) 267-1676

Information contained herein is deemed accurate but not guaranteed. Programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. Not an offer to extend credit or commitment to lend. Loans subject to underwriting approval.  Contact Heartland Mortgage, Inc. directly to learn more about its mortgage products and eligibility for such products.