Freddie Mac Mortgage Programs & Lenders
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First-time Home buyers
Alt 97®
For a first time homebuyer Alt 97 is a powerful option.
Flexible and with no limitations to income or demographics,
the Alt 97 mortgage allows for a borrower with good credit to
purchase a home with very little as a down payment. By
adding this to your list of offerings you open up
opportunities for your clients that you cannot find elsewhere.
Condominium Unit Mortgages/Streamlined Condo Review
We provide two project statuses to help create easily read and comprehensive criteria for
condo unit mortgages and streamlined condo reviews. With simple criteria you can determine
which mortgage is the fit for your borrower and help them meet the requirements quickly and
Guaranteed Rural Housing Mortgages
For a first time homebuyer in a rural area the guaranteed rural housing mortgage could be
what you are looking for. You can meet the specific needs of the rural buyer with this borrower
friendly mortgage.
Home Possible 97 Mortgages
This highly flexible mortgage can offer the first time homebuyer all the options that they need.
If your client has low to moderate income or does not have a large enough down payment to
qualify for a conventional loan than home possible 97 can give them rates that compete with
the traditional loans they may have been turned down for. This mortgage offers various credit
terms and all the low down payment options that you need.
Home Possible Neighborhood Solution 97
Home possible neighborhood solution is a mortgage that is made to serve those who are
already serving others. Offer the borrower a low down payment and user friendly credit terms.
With home possible neighborhood you are given even more flexibility when the borrower is a
fire fighter, teacher, military personnel or any other community helper. This mortgage is
designed to give back to those who may have opted for a career with a lower yearly income to
help others who are in need.
Manufactured Homes
A first time homebuyer may be limited financially to only a few housing options. Freddie Mac
provides mortgages on manufactured homes in hopes of widening the choices for a buyer who
may not be able to afford a great number of options. Our goal is the assure that home owner
can afford the home they choose for many years to come.
Veterans Affairs (VA) Mortgages
For veterans who may only now be trying to purchase their first home we have the veterans
affairs mortgage available. You can access an untapped potential for new clientele when you
reach out to the veterans with this mortgage and give them a chance at home ownership that
they may not have thought was possible.
First time home buyers can be a frustrated lot as they struggle to get approval for a mortgage
with their limited down payments and unavailable equity. These proven mortgages can give
them the lift they need to enter the homeowners market and begin building their equity for the
years to come.
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