Home Possible: Built for First Steps.
Freddie Mac’s Home Possible helps low- to moderate-income buyers own a home with a low down payment and reduced mortgage insurance.*
An affordable path to owning.
Most buyers start here, and for good reason.
- Standard documentation: income, assets, and credit
- Low-down-payment options for qualified buyers*
- First-time and repeat buyers welcome
- Purchase or refinance owner-occupied primary homes*
- Purchase and rate and term refinance, with low-down-payment options*
- Cancel mortgage insurance once you reach sufficient equity*
Loans from eligible amounts up to conforming loan limits*
Buy or refinance without cash out
Owner-occupied primary residence
Standard documentation: income, assets, and credit
Low-down-payment options available*
Fixed-rate and adjustable-rate (ARM) options
What is the Saxton Home Possible?
Freddie Mac’s affordable home loan for income-eligible buyers
The Saxton Home Possible is a full-featured mortgage that is Freddie Mac’s affordable conventional program, with a low down payment and reduced mortgage insurance for income-eligible buyers.
Qualify with standard documentation: income, assets, and credit reviewed the usual way.
Use it to purchase a home, or to refinance your current mortgage on a no-cash-out basis, on an owner-occupied primary residence. Cash-out refinances are not eligible on this program.*
Why choose the Saxton Home Possible?
Built for buyers whose income falls within the local limit.
First-Time Buyers
Low-down-payment options make buying your first home more attainable.*
Income-Eligible Buyers
Built around area income limits to open the door for more first-time and repeat buyers.
Move-Up & Repeat Buyers
Buy your next home while the income limit still works in your favor.
Rate And Term Refinance
Refinance to improve the rate or the term while the income limit still applies.
Reduced Mortgage Insurance
Home Possible offers reduced mortgage insurance compared with standard conventional loans.*
Income Limits Apply
Eligibility is tied to the area median income where you are buying.
Hear From Homeowners Like You
Frequently Asked Questions
The questions we get asked most about the Home Possible Affordable Loan.
Home Possible follows conforming loan limits and adds household income eligibility that varies by area.
Yes. Home Possible is built to help first-time and repeat buyers with low-to-moderate income.*
You can use it to purchase a home or to refinance an existing mortgage on a rate and term basis. Cash-out refinancing is not eligible on this program.
Home Possible uses conventional-style credit guidelines; your options depend on your full profile.
Less than most people expect. Conventional financing has low-down-payment tiers, and the requirement moves with your credit profile and the occupancy.*
Yes. Fixed-rate and adjustable-rate (ARM) options are available on eligible programs.
No. This program covers purchase and no-cash-out refinance only.*
Find out what you qualify for
Whether you’re buying your first home or your next one, there’s likely a Saxton Home Possible program that fits. Get a fast, no-obligation pre-qualification today.
Get Pre-Qualified- Freddie Mac, Home Possible
- Consumer Financial Protection Bureau, buying a house: tools and resources for homebuyers
*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Loan limits follow the annual conforming limits set by county. Down payment and cash-out limits vary by occupancy, credit score, and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.