• FinanceByDoug

Freddie Mac 3% Down - The Basics

Updated: Nov 21, 2019

Like the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) introduced 3% down programs to compete with FHA loans. The Home Possible and Home Possible Advantage programs make home ownership more affordable for first-time and modest-income borrowers by reducing the down-payment required to 3%.

For borrowers whose income does not exceed to NEW 2019 LIMIT of 80% median area income (MAI), the Home Possible loan programs offer a great opportunity to begin the home-ownership journey.

Are you an aspiring new homeowner that meets the Freddie Mac 3% down requirements? Let's talk about which option fits into your financial goals.

Douglas Kennell

NMLS #364758

Sovereign Mortgage Investments, Inc.

NMLS #222681




Rates, regulations, and loan conditions can and do change. The information presented in this article was accurate, to the writer’s knowledge, as of 8/30/2019. Consult your Sovereign Mortgage Investments Inc, adviser to see if rates, regulations, and loan conditions have changed.