Home Possible Neighborhood Solution® 97 Mortgage Offers Flexible Credit Parameters for Community Workers
Key Features
15-, 20-, 30-, and 40-year fixed-rate mortgages
5/1 (2/2/5 caps), 7/1 and 10/1 CMT- and LIBOR-indexed ARMs
Manufactured Homes eligible (with additional requirements)
1-to 2-unit Primary Residences
Maximum financing up to 105 percent total loan-to-value (TLTV) for qualified borrowers
Underwriting, Execution & Delivery
Would you like to offer additional flexibilities for teachers, firefighters, law enforcement officers, healthcare workers and military personnel in your community? With Freddie Mac's Home Possible Neighborhood Solution 97 Mortgage, you can reach more of these workers, helping them become homeowners in your community. Our flexible credit parameters include expanded debt-to-income ratios and extended temporary subsidy buydowns.
We've created a fact sheet[PDF] to help you underwrite, sell and deliver Home Possible Neighborhood Solution 97 Mortgages to Freddie Mac. We've designed this document to provide you with the high-level guidelines you'll need, however, it is not intended to be a complete source of information. Please refer to the Freddie Mac Single-Family Seller/Servicer Guide (Guide) for complete details.
Learn more about Home Possible Neighborhood Solution 97 Mortgages:
Refer to Chapter A34 of the Guide
Call (800) FREDDIE
Easy-to-print promotional versions of the fact sheets are available:
