Freddie Mac Home Possible Program

Effective recently, conforming lenders will accept loan submissions and locks for the Freddie Mac Home Possible program. Details for the program can be found at http://www.freddiemac.com/homepossible/ or you can check out the program matrix for the My Community and Home Possible programs on most rate sheets. You must be approved by Freddie Mac to utilize their Loan Prospector underwriting engine. You can visit their website at http://www.loanprospector.com/signup/ for details.

Personally, I think the Home Possible program is going to be a spitting image of what MyCommunity was earlier this year - a flexible 100% loan program with reduced MI and a 1pt hit to YSP.

Posted by Justin Kaatz, CMP on 07/26/2007 12:13 PM

Comments (1)

madison, wi, wisconsin, mortgage, refinance, refinancing, mortgage broker, loan products, mortgage lender, lenders, home possible, purchase, freddie mac

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Post is included in group: Mortgage Bankers
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1 Comments on Freddie Mac Home Possible Program

Justin,l

Let me know when you hear more on this program,if you have time.

I enjoyed your post, and I like the information you provide,

Thanks

Tom Braatz

11/07/2007 09:13 AM

by Tom Braatz, South Eastern Wisconsin (Tom Braatz)

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Loan Officer: Justin Kaatz, CMP (ASAP Mortgage)

Justin Kaatz, CMP
Madison, WI
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ASAP Mortgage

Office Phone: (608) 237-8900 Ext.: 14
Cell Phone: (608) 347-3424
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Hello everybody my name is Justin and I'm a Licensed Mortgage Professional serving the whole state of WI. I am looking to pick up some useful information and possibly establish a few relationships through this website and blog!

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