Transcription of Home Possible Advantage
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Home Possible Advantage
Maximum loan-to-value (LTV) is97% and maximum total loan-to-value (TLTV) is 105%. Eligible properties: one-unitproperties, condominiums andplanned unit developments.(Manufactured homes areineligible.) Fixed-rate mortgages with a termof up to 30 years. All borrowers must occupy theproperty as their primaryresidence. No minimum borrowercontribution from borrowerpersonal funds. Gifts from related persons andother sources of fundspermitted for down paymentand closing costs. No minimum LTV limit. No reserves required, loweringcash needed to close. Flexible homebuyer Features home Possible Advantage : A Smart Choice for Affordable Lending First-time and repeat buyers No cash-out refinance borrowers Low- to moderate-income borrowers Families in underserved areasFlexibilities Help these borrowers realize their dream of homeownership with a Freddie Mac home Possible Advantage mortgage.
Maximum loan-to-value (LTV) is 97% and maximum total loan-to-value (TLTV) is 105%. Eligible properties: one-unit properties, condominiums and
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