Home Possible

A Home Possible loan offers homebuyers more options and flexible requirements to help low to moderate income borrowers purchase the home of their dreams.


If you are looking to purchase and fit the criteria of a Home Possible Mortgage loan, please contact us today, Flint Hills would love the opportunity to work with you and find the best program for your specific needs.


*Terms and restrictions apply. Eligibility based on credit review and approval. Program guidelines subject to change without notice. Contact us for more details.

 

Home Possible offers:

Low down payments

Low fees and mortgage insurance requirements

Down payment funding flexibility

Have a Question?

Flint Hills Mortgage Has An Answer

The Home Possible loan program is offered by Freddie Mac and is designed to assist low to moderate-income borrowers in purchasing homes with a low down payment.

Home Possible loans are available to both first-time and repeat homebuyers who meet income limits, have a minimum credit score (typically around 620 or higher), and complete a homeownership education course.

Income limits vary by location and household size. Generally, borrowers must have income at or below the area median income (AMI) for their geographic area.

The minimum down payment is as low as 3% of the home’s purchase price. This can be sourced from personal savings, gift funds, grants, or secondary financing.

Borrowers must complete a homeownership education course covering topics such as budgeting, mortgage financing, and home maintenance.

Income from non-borrower household members, such as family living with you, can be considered to help qualify for a higher loan amount.

Home Possible loans can finance various property types, including single-family homes, townhouses, and condos, provided they meet Freddie Mac’s eligibility criteria.

No, Home Possible loans are specifically for primary residences. Borrowers must intend to occupy the property as their principal residence.

Borrowers are required to pay private mortgage insurance (PMI), which helps protect the lender. PMI costs may vary based on factors like credit score and down payment amount.

  • To apply for a Home Possible loan, contact Flint Hills Mortgage, an approved lender for Freddie Mac’s Home Possible program. They will guide you through the eligibility requirements, documentation, and application process.

Contact Us

801 E Douglas Ave RM 206 Wichita KS 67202

Follow Us