Refi Possible

Freddie Mac Refi Possible SM offers expanded eligibility to benefit borrowers at or below 100% of the area median income (AMI) limit. This refinancing option, targeted toward low-moderate income borrowers, may be especially beneficial for borrowers who may not believe they qualify for refinancing due to their incomes.

Home Possible 

Freddie Mac Home Possible® mortgage provides a low-down payment mortgage option for very low-and moderate-income borrowers:

• As little as 3% down payment
• Do not have to be a first-time homebuyer.
• Non-Occupant co-borrowers may help borrowers qualify for a 1 unit property.
• No minimum borrower contribution required.

Adjustable Rate (ARM)

An adjustable rate mortgage (ARM) is a mortgage in which the interest rate may change over time. With an adjustable-rate mortgage, the interest rate may change periodically, usually in relation to an index (such as the Secured Overnight Finance Rate), and payments may “adjust” up or down accordingly. Unlike a fixed rate mortgage, homeowners with this type of home loan aren’t guaranteed the same interest rate for the duration of their loan. The risk of an increasing interest rate is something that borrowers should take into account when considering an adjustable rate mortgage for their home financing.

USDA Loans 

USDA loans are designed to encourage rural land development and growth in rural areas. They were long thought of as just for farmers, but the program has been expanded in recent years to give more people looking to purchase or refinance in a rural area access to the incredible benefits offered by these loans.