Home Possible Mortgage
Welcome to Faith Lending:
Your Gateway to Affordable Homeownership with the Home Possible Mortgage
​
At Faith Lending, we are dedicated to helping you achieve your dream of homeownership. The Home Possible Mortgage, offered by Freddie Mac, provides an affordable and flexible option designed for low- to moderate-income borrowers. Whether you're a first-time homebuyer or looking to refinance, our team is here to support you every step of the way.
​
The Home Possible Mortgage offers a low down payment option with flexible credit and income guidelines, making homeownership more accessible for a broader range of borrowers. This program is ideal for those with limited savings and provides opportunities for refinancing existing mortgages.
100M​+
Loans Funded
1000+
Families Served
25+
Years of Service
​REQUIREMENTS FOR HOME POSSIBLE MORTGAGES
​
-
Income Limits: Borrower’s income must not exceed 80% of the area median income (AMI).
-
Credit Score: Minimum of 620.
-
Down Payment: As low as 3% of the home's purchase price.
-
Homeownership Education: Completion of an approved homeownership education course is required if all borrowers are first-time homebuyers.
-
Debt-to-Income Ratio: Typically up to 50%, depending on the borrower’s credit profile and other factors.
Book your Appointment Today!​
​
Book your Appointment and speak to our Loan Specialists!
Faith Lending Can Help by:
​
-
Expert Guidance: Our team of mortgage professionals will assist you through every step of the FHA loan process, ensuring you understand all your options.
-
Personalized Support: We provide tailored solutions to fit your unique financial situation and homeownership goals.
-
Streamlined Process: Faith Lending simplifies the application and approval process, making it smooth and stress-free.
​
Discover how Faith Lending can help you achieve your homeownership dreams with an FHA loan. Reach out to our team to begin your journey to owning a home.
