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Home Possible: At-a-Glance Feature Home Possible Home Possible Neighborhood Solution Homebuyer Education For purchase transaction secured by 1- to 4-unit Primary Residences, Homeownership education is required before the Note Date for at least one qualifying borrower if all borrower(s) are First-Time Homebuyers **.
There are other guidelines listed at Home Possible at a Glance. Finally, you should talk to your lender to see if they offer Home Possible or Home Possible Advantage loans. Freddie Mac works with thousands of lenders nationwide so there’s a good chance your lender offers an option like Freddie Mac’s Home Possible Advantage mortgage.
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Freddie Mac Home Possible – Product Description 1 Gateway Mortgage Group, LLC – Correspondent Lending Division Client Guide – 06/19/2018. PRODUCT DESCRIPTION First lien, fully amortizing fixed rate community lending mortgage that offers . underwriting flexibilities to qualified borrowers who meet specific income and