Home Possible
Home Possible® is a Freddie Mac loan program designed to bring homeownership within reach to more borrowers. Home Possible® offers low down payments and easier credit scores.
Easier qualifying and lower costs make homeownership possible for buyers with low-to-moderate incomes:
Home Possible® is a Freddie Mac program designed to help borrowers with low-to-moderate incomes fulfill their dream of owning a home. It offers low down payments and has easier credit score requirements.
This program has other unique guidelines and options. For example, you could qualify for an Affordable Second – a secondary loan from a nonprofit group or a state or county agency, giving you access to more funding.
Key Features and Benefits: 
Down payments of as low as 3%.
Credit scores as low as 620 are accepted.
Fixed-rate financing for easier budgeting.
Several property types are allowed, including single-family homes, 2-4 unit properties, modular homes, condominiums and homes in Planned Unit Developments (PUDs).
Temporary buydowns can reduce your starting interest rate for 1-2 years.
Co-borrowers who do not live in the home can be included in a one-unit residence. 
Homebuyer education is required for first-time buyers.
Down payments as low as 3% depending on your loan amount.
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HomeReady
HomeReady™ is a Fannie Mae loan program that is designed to extend the privileges of homeownership to buyers with limited household incomes.
Financing designed to put homeownership within your reach: 
HomeReady™ mortgages from Fannie Mae are meant to help borrowers with low-to-moderate incomes buy or refinance a home. These loans reduce the typical down payment and mortgage insurance requirements. They’re also more flexible with co-borrower requirements, including allowing co-borrowers who won’t be living in the home. For example, parents can co-sign a loan to help their adult children get approved.
Key Features and Benefits: 
Down payments as low as 3%.
Credit scores as low as 620 are accepted.
Permits family or friends to co-sign the loan.
Several property types are allowed, including single-family homes, 2-4 unit properties, modular homes, condominiums and homes in Planned Unit Developments (PUDs).
Properties in high-cost areas may qualify.
Homebuyer education is required. 
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HomeStyle Renovation Loan
Conventional loans are not insured by the FHA or VA. Generally, these are a good option if you have a higher credit score and stable employment history. Interest rates for conventional loans are usually some of the lowest. 
An easy and affordable way to pay for home renovations and repairs:
HomeStyle Renovation® can help you finance one or more renovation projects, pay for major repairs, or install a pool. This Fannie Mae program is available for new and existing homes – even new construction. The funds can be used for design updates or even renovating accessory units like garage apartments or guesthouses.
Key Features and Benefits:
You may qualify for renovation fund amounts from $5,000 up to 75% of your home's post-renovation value. 
Lower closing costs, since you’re closing a single transaction.
Several property types are allowed, including single-family homes, 2-4 unit properties, modular homes, second homes, and homes in Planned Unit Developments (PUDs).
Fixed- and adjustable-rate mortgage options.​