01/16/2026
A Home is Possible!
The Home Possible program is a low-down-payment conventional mortgage option offered by Freddie Mac (a government-sponsored enterprise GSE), designed to help low- to moderate-income homebuyers achieve homeownership with greater affordability and flexibility. Unlike many traditional mortgage products, Home Possible allows borrowers to put down as little as 3 % of the purchase price, and those funds can come from various sources such as gifts, employer-assistance, or secondary financing rather than solely personal savings. The program is generally available to buyers whose income is at or below about 80% of the Area Median Income in the location where the home is being purchased, and it requires private mortgage insurance (PMI) that can often be reduced and canceled once sufficient equity builds up. Home Possible also offers flexible underwriting features, including the ability to use certain alternative income types and, in some cases, include non-occupant co-borrowers to help strengthen applications. Because it is available through participating lenders rather than directly from Freddie Mac, interested buyers should consult a mortgage professional to confirm specific eligibility and terms.
