Home Possible® is a Freddie Mac program that has very flexible credit guidelines for low to moderate income borrowers. It’s available to purchase or refinance a single-family home, condominium, or a 2–4 family home. If you need some help to overcome obstacles to homeownership such as, having a non-traditional credit history or lacking of funds for a down payment, or just needing extra credit flexibility, we offer affordable financing solutions for qualified borrowers who want to purchase or refinance a home. This information is provided for educational purposes only. Programs, terms, and conditions are subject to change without notice.

Inlanta Mortgage, Inc. Is not acting on behalf of or at the discretion of the Federal Housing Authority, the US Department of Agriculture, the Department of Veteran Affairs, or the Federal Government. Wisconsin Banker License #43262BA, Broker License #1016BR (also doing business as First Choice Mortgage) Minnesota License - Inlanta Mortgage, Inc.

Home Possible is a program that provides lenders a guaranteed way to provide low cost mortgages to people that may not qualify for a conventional mortgage. This program also provides a means for banks to make no-cash-out refinancing options for people that are struggling with financial problems. 3 Important Costs When Purchasing a Home Mortgage Rates & Affordability Today’s mortgage rates remain near historic lows and this has an important and direct effect on how much home you can afford.

#MN-MO-20373610 'Not an offer to enter into an interest rate lock-in agreement under Minnesota law.' Illinois An Illinois Residential Mortgage Licensee #MB.0006190 Inlanta Mortgage is regulated by the State of Illinois Department of Financial and Professional Regulation, Division of Banking located at 100 W Randolph, 9th Floor, Chicago IL 60601. Phone #312-793-3000. Florida License # MLD55.

Freddie Mac Home Possible Mortgage Guidelines And Requirements This BLOG On Freddie Mac Home Possible Mortgage Guidelines And Requirements Was Written By Michael Gracz of GCA Mortgage Group Home Possible Is Freddie Mac’s 3% to 5% down payment solution to purchasing a new home. This program is targeted to low to moderate-income borrowers. Stay tuned for blogs to come on Gustan Cho Associates Mortgage News about the revised income limits coming out July 29th, 2018. This program is also designed to help buyers in high cost and under-served and lower income communities. We will dive into the two programs available: • Freddie Mac Home Possible • Home Possible Advantage. Qualification Requirements On Freddie Mac Home Possible Home Possible – MAX loan to value with the Freddie Mac Home Possible Mortgage program is 95% (loan-to-value) What properties can you use home possible for? • Single family homes • Condo Units • PUD’s • Manufactured homes (certain restrictions) • Two to Four Unit Dwellings What sources of down payment are acceptable?

Ssh client for mac os x. • Borrowers own funds • Gifts from family members • Employer assistance programs • Secondary financing such as home equity line of credit What type of terms are available with home possible? • 15 to 30 year fixed rate mortgages • 5/1, 5/5, 7/1, 10/1 adjustable rate mortgages What are the credit score requirements? • 620 credit score or higher • Borrowers without credit score reporting are eligible for mortgages with as little as 5% down payment Are there income limits with home possible?

• Yes, there are Income Limits • Visit Lookup Tool and check out your area • Borrowers above the am I may be eligible in areas that are considered high cost • Borrowers in underserved areas do not have income limits Freddie Mac Home Possible Advantage Mortgage Program Home Possible Advantage MAX LTV 97% (loan-to-value) What properties can you use home possible for? • MUST BE PRIMARY RESIDENCE • Single family homes • Condo Units • PUD’s What sources of down payment are acceptable? • Borrowers own funds • Gifts from family members • Employer assistance programs • Secondary financing such as home equity line of credit What type of terms are available with home possible?