Glossary
Home Possible
Freddie Mac's affordable lending product analogous to HomeReady, with similar income limits and high-LTV support.
Home Possible mirrors HomeReady at the program-design level: 80% AMI income cap, LTVs up to 97%, reduced MI, flexible income sources. Specific eligibility differs in nuance — boarder income, rental from ADUs, manufactured-home eligibility — and the products are not interchangeable in pricing or underwriting.
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