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Freddie Mac announces 12.5% increase in Area Median Income (AMI) limits for Home Possible® purchases - Allowing more borrowers to qualify with:

  • A low 3% down payment, which can come from a variety of sources including family, employer-assistance programs, secondary financing, and sweat equity.
  • Non-occupant co-borrowers may help borrowers qualify for a 1-unit property.
  • Lower mortgage insurance requirements than standard 30-year mortgages.
  • The Home Possible® income limit on a property in Bothell, WA, for example, is now $99,680 vs Fannie Mae’s HomeReady income limit of $87,600.
  • For borrower eligibility, visit: Freddie Mac Home Possible Eligibility Map

Contact a Loan Officer to discuss your best purchase financing options.

*All loans subject to underwriting review and approval.