From Loan Prospector to Home Possible Mortgages, We Have Solutions for You
[November 2, 2007]
Now, more than ever, Loan Prospector® delivers the solutions you need to achieve long-term business success.
In today's challenging market environment, Loan Prospector offers you powerful risk management capabilities that provide ready access to Freddie Mac's credit and purchase terms and sound underwriting for a wide-variety of mortgage products, including our affordable lending suite of Home Possible® Mortgages.
Make Home Possible for More of Your Borrowers
While the number of affordable home financing options continues to dwindle, Home Possible Mortgages remain a steady source for effectively reaching low-to moderate-income borrowers with zero or low down payment financing options, flexible credit terms and even 40-year fixed rate mortgages to enhance purchasing power for borrowers living in high-cost housing areas.
- Home Possible 100 Mortgages – This 100 percent financed mortgage is ideal for first-time homebuyers who may have less-than-perfect credit or limited savings.
- Home Possible 97 Mortgages – With a three percent down payment that can come from personal funds, gifts, grants, or approved second loans, qualified borrowers can finance a wide range of properties, including manufactured homes.
- Home Possible Neighborhood Solution Mortgages – Offers zero or three percent down payment mortgages with special features to make homeownership more accessible to qualified members of the U.S. Armed Forces and National Guard, as well as police officers, firefighters, health care professionals and educators.
Save With Free Loan Prospector Caution Submissions
Loan Prospector continues to streamline your loan origination process with features that save you time and money such as our free Loan Prospector Cautions on first submission. With no Loan Prospector transaction fee for all conventional/conforming submissions that receive a Loan Prospector Caution risk class on the first submission, we're helping you to cost-effectively find the best home financing solutions for your borrowers.
Realize New Possibilities for Your Business
When you take advantage of our extensive training opportunities, many delivered at no cost to you, we'll help you get the most out of Loan Prospector and our mortgage products with classes like:
- Getting Started with Loan Prospector
- Home Possible Mortgages
- Benefits of Minimum Documentation
More Information
Visit LoanProspector.com to learn about the latest Loan Prospector enhancements, as well as additional tools and resources that will help simplify your loan origination process.
As always, Freddie Mac works with you every step of the way so you can achieve success in today's changing market. We're here to help you grow your business and turn every borrower into an opportunity.
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