Home Possible Advantage Loan Program

Why Choose The New Home Possible Advantage® Program? A responsible, low down payment mortgage option for first-time homebuyers and low- and moderate-income borrowers.

When it comes to providing the greatest flexibility and mortgage options for low- or moderate-income homebuyers, Home Possible Advantage® is at the top of the list. Also perfect for first-time homebuyers, millennials and other underserved consumers, Home Possible Advantage helps put more qualified customers on the path to successful homeownership.

The Highlights:

  • Ideal For:
    • First-time homebuyers, move-up borrowers, and retirees. 
      • Families in underserved areas. 
        • Very low-, low- and moderate-income borrowers. 
  • Key Features:

    • Purchase and no cash out refinancing. 

    • Maximum 97 percent LTV and 105 percent TLTV ratios for Home Possible Advantage. 

    • Mortgage insurance options. 

    • Loan Product AdvisorSM or manual underwriting. 

    • No reserves required for 1-unit properties. 

    • Maximum credit fee in price of 1.5 percent. 

  • Borrower Benefits

    • Stable monthly payments with fixed-rate mortgages. 

    • Flexible sources of funds for down payment. 

    • Reduced mortgage insurance coverage levels for LTV ratios greater than 90 percent.

    • Minimum down payment of 3 percent allowed for Home Possible Advantage. 

Ready to get started?

Have some questions and want to talk about your personal options?