Home Possible® mortgage programs offer flexibility and options to meet the home financing needs of California homebuyers looking for low down payments and flexible sources of funds, including first-time homebuyers, move-up borrowers, retirees, families in underserved areas, new immigrants, very low and low- to moderate- income borrowers.

Benefits of the Home Possible® Mortgage and Home Possible® Advantage Mortgage Programs

  • Available on purchase and no cash out refinance transactions
  • Program is not limited to California first-time homebuyers, any eligible California homebuyer can apply.
  • Ability to purchase a home with low down payment and no borrower contribution, when using the Home Possible® Advantage Mortgage Programs and an Affordable Second.
  • No up-front FHA mortgage insurance premium (MIP) and potentially lower ongoing private mortgage insurance (PMI) cost as compared to the ongoing FHA MIP cost.

Connect with a Loan Officer

Loan Officer Thomas Johnston

Loan Officer Thomas Johnston | NMLS# 1583463; Arizona, California, Oregon, Texas and Washington

Thomas is your mortgage loan originator, who works side by side with a strong team that shares the same devotion to excellence.
Experienced, knowledgeable, and always up to date on the industry's latest products, Thomas strives to exceed the customers' expectations in each and every transaction.

Do you have any questions? Please call 866-610-6025


TERMS MAX LTV/CLTV/HCLTV DPA & SECONDARY FINANCING AVAIBLABLE OCCUPANCY TARGET AREA 1ST TIME HOMEBUYER REQUIRED INCOME LIMIT MAX SELLER CREDIT

Home Possible® Mortgage and Home Possible® Advantage Mortgage Programs - Down Payment Assistance Program

PURCHASE & RATE/TERM: HOME POSSIBLE 1 UNIT = 95/95/95% 2 UNIT = 95/95/95% HOME POSSIBLE ADVANTAGE 1 UNIT = 97/105/NA
Allowed with Home Possible Advantage Mortgage only. Must be an Affordable Second. The Affordable Second financing cannot be a Home Equity Line of Credit.
OWNER OCCUPIED ONLY
YES Income limits are detirmind by property address & location.
"NO The borrower must not have an individual or joint ownership interest in any other residential property as of the Note Date unless the following is met: • The borrower does not occupy the other property, AND: o The borr inherited their ownership interest in the property and shares ownership with another party, OR o The borr owns the property with another party and the debt associated with the property was assigned to the other party by a court order (i.e., a divorce decree), OR o The borr. is a cosigner/guarantor on the related Mortgage debt and someone other than the Borr. has made payments on the debt associated with the property for the most recent 12 months, as documented with: ? Copies of cancelled checks or statement from the lender "
"Determined by LP Refer to Income and Property Eligibility Tool Note: Income limits are waived if property is located in an Underserved Area. Go to: http://www.freddiemac.com/homepossible/eligibility.html"

= 75% = 9% MAX = 90% = 6% MAX > 90% = 3% MAX

Purchase an eligible home in the City of University of California Merced; City of Lagunitas-Forest Knolls; City of Desert Hot Springs; City of China Lake Acres; City of Salton Sea Beach; City of Laguna Niguel; City of Shell Ridge; City of Sierra City; City of Temple City; City of Buena Park; City of Littlerock; City of Sunnyside; City of Cherokee; City of Edgewood; City of Ferndale; City of Fellows; City of Portola; City of Guinda; City of Niland; City of Philo;


Connect with a Loan Officer

Loan Officer Thomas Johnston

Loan Officer Thomas Johnston | NMLS# 1583463; Arizona, California, Oregon, Texas and Washington

Thomas is your mortgage loan originator, who works side by side with a strong team that shares the same devotion to excellence.
Experienced, knowledgeable, and always up to date on the industry's latest products, Thomas strives to exceed the customers' expectations in each and every transaction.

Do you have any questions? Please call 866-610-6025

Home Possible® Mortgage and Home Possible® Advantage Mortgage Programs - Down Payment Assistance Program is available in the following areas/cities