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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. 

 

Conforming Fixed

The Fixed Rate Conventional options. Fixed means your P&I Principle and Interest Portion of your Payment will never change for the life of your loan. Conventional loans also have a money saving feature of self eliminating Mortgage Insurance. Only Conventional loans have this feature.

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. 

 

Conforming ARM

The Adjustable Rate Conventional ARM option. Adjustable Rate Conventional ARM means your P&I Principle and Interest Portion of your Payment is guaranteed to change for the life of your loan. This is usually in an upward pattern every termed increase allowance. Conventional loans also have a money saving feature of self eliminating Mortgage Insurance. Only Conventional loans have this feature.

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. 

 

High Balance Fixed

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. 

 

High Balance ARM

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. 

 

HomeOne

If you’re dreaming of homeownership but still saving for a down payment, you may be able to buy now with a HomeOneSM mortgage. It only requires a 3% down payment, and you’re not limited to a traditional residence.

Low down payments for first-time homebuyers or new rates and terms for homeowners with a Freddie Mac loan:

The Freddie Mac HomeOneSM mortgage is a low down payment option for qualified first-time homebuyers. It helps hopeful first-time buyers become homeowners, offering relaxed requirements for income levels and geographic locations. HomeOneSM only requires a 3% down payment, and you’re not limited to a traditional, single-family residence.

If you already have a Freddie Mac mortgage, this program offers a no cash-out refinance so you can change the rates and terms of your loan.

Key Features and Benefits: 

• Low down payments beginning at just 3% of your total loan payment. 

• You may qualify with a minimum 620 FICO score

• Several property types are allowed, including single-family home, condo, modular homes, one unit co-ops, manufactured home* and homes in Planned Unit Developments (PUDs) 

• No income or geographic restrictions, so you're free to shop for a home within the neighborhood you prefer. 

• Homebuyer education is required, and help you prepare for the responsibilities of a mortgage. ​

* Manufactured homes are allowed on Purchase and Rate Term Refinance Transactions of a Primary Residence only. Among other requirements, 95% LTV and a minimum of 640 FICO required.

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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.​