Stop waiting for your desired quality of life in homeownership!

Discover the possibilities Fannie Mae and Freddie Mac offer First-Time Homebuyers!

FANNIE MAE | HomeReady®

What does Fannie Mae do?

As the leading source of residential mortgage credit in the U.S. secondary market, Fannie Mae is supporting today’s economic recovery and laying the foundation for a better housing finance system.

Financing Opportunities for HomePath Homes

Fannie Mae has combined affordable financing options with their real estate owned (REO) properties helping buying find homes within their budget. Targeted at first-time homebuyers to help low to moderate incomes.

3% towards closing costs is possible once a home buyer education course is taken. Once the course is complete attach your HomePath Ready Buyer course completion certificate with the initial offer on a HomePath property.


Fannie Mae reserves the right to end the promotion at any time. Any dispute over this program shall be resolved by Fannie Mae in its sole discretion.
Fannie Mae provides home loan products designed to benefit sustainable homeownership such as;

  • Low Down Payment and Flexible Sources of Funds.
  • Conventional home financing with private mortgage insurance (PMI) that, unlike many government-insured loans, may be eligible for cancellation when home equity reaches 20%.
  • Homeownership education helps buyers get ready to buy a home and be prepared for the responsibilities of homeownership.
  • Innovative underwriting flexibilities, including income from a rental unit or boarder, can help buyers qualify.
  • Home Improvement costs included in the mortgage.

Financing options Fannie Mae offers include:

Move-in Ready: HomeReady® | HFA Preferred ™

Fixer-Upper: HomeStyle® Renovation | HomeStyle® Energy Loan

Buyer Assistance: HomePath Ready | Community Seconds® | HFA Preferred Incentive Program


NOTE: Your Real Estate Agent must submit this at initial offer through the HomePath Online Offers system.

Terms and Conditions as stated on Fannie Mae’s website

To be eligible for the closing cost assistance:

  • Buyers must complete the full online training course on and receive the official Certificate of Completion.
  • Buyer must have completed the HomePath Ready Buyer education course and received a completion certificate prior to the initial offer submission to be eligible for the closing cost assistance.
  • The Certificate of Completion must be attached to the initial offer documents uploaded to HomePath Online Offers.
  • The request for closing cost assistance must be made at the initial offer in the HomePath Online Offers system.
  • The $75 reimbursement for the HomeReady® Buyer education course is already included in the closing cost assistance.
  • The closing cost assistance offer may be adjusted during contract negotiations.
  • Buyers with total closing costs under 3% will not receive the difference as a credit.

>>>Example: Sales price = $100,000 and 3% is negotiated. The total closing costs and education fee = $3,000

  • Buyer must be a First-Time Homebuyer (did not own a property in the past three years).
  • Buyers must reside in the property as their primary residence within 60 days of closing.
  • Individual buyers using public funds are eligible. Tenants residing in tenant-occupied properties are eligible.
  • The property must be listed on and be eligible for the closing cost assistance.

FREDDIE MAC | Home Possible®

The Freddie Mac Home Possible® mortgage offers more options and credit flexibilities to assist very low-to-moderate-income borrowers to obtain homeownership

Down payment requirement of as little as 3 percent, Home Possible now offers more options to responsibly increase homeownership for more borrowers. Co-borrowers who do not live in the home can be included for a borrower’s one-unit residence, borrowers are permitted to own other properties, and more!


Home Possible is designed to meet the needs of:

First-time homebuyers, move-up borrowers, and retirees.

Families in low-income census tracts.

Very low, low and moderate-income borrowers.



  • Stable monthly payments with fixed-rate mortgages.
  • Flexible sources of funds, including sweat equity for the entire down payment.
  • Reduced mortgage insurance coverage levels for LTV ratios greater than 90 percent.
  • Minimum down payment of 3 percent allowed.
Check out the Home Possible Program!


  • At least one borrower must occupy the mortgaged premises as a primary residence.
  • Non-occupant borrowers are permitted on mortgages secured by 1-unit properties when the LTV/TLTV/HTLTV ratio is less than or
    equal to 95 percent for Loan Product Advisor mortgages. (TLTV 105 percent with Affordable Seconds). See Guide Section 4501.7
    for non-occupant borrower requirements.
  • The borrower must meet income limits. Loan Product Advisor will indicate income eligibility. For non-Loan Product Advisor
    mortgages, use the Home Possible Income & Property Eligibility tool on


Get pre-approved