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Home Possible

Program Overview

Home Possible is a low down payment loan with flexible credit terms and reduced MI terms. This program is available everywhere.

Who is eligible for this program?

Cannot earn more than 100% of the Area Median Income. Use the HUD table for further assistance. HUD Median Income Limits: 100 Is this program for first time buyers only? No

Property Eligibility Requirements

Available Everywhere. Allowable property types: Single Family, Condo, Duplex, Townhomw, Manufactured Home

Benefit Details

Loan Term: 20, 25, or 30 Years years Homebuyer Counseling / Education Required: No Owner Occupancy Required: Yes Other Program Comments: The seller can contribute up to 3% of the purchase price towards closing costs and prepaids.

Please note: Every attempt is made to reflect accurate and up to date information on housing programs displayed on this site. Some inaccuracies may exist. For verification contact a certified REALTOR member or a participating Lender.