Home Possible Advantage
Buy a home with as little as 3% down. Use multiple sources to cover down payment & closing costs.
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Home Possible Advantage
Ready to buy a home but don’t have a lot of money to put towards a down payment. With Freddie Mac’s Home Possible Advantage, you can finance up to 97% of the value of the home and use gift funds (e.g. money from relatives), employer assistance programs, and secondary financing to help cover the 3% down payment and closing costs.
Contact us today to learn about Home Possible Advantage and our many other low and no money down financing solutions.
Call today for a free consultation – (866) 655-0466
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Why Home Possible Advantage?
The primary reason why people choose this program is for the low down payment and flexible sources for covering the down payment and closing costs.
There are some other big selling points for Home Possible Advantage including the ability to cancel mortgage insurance once the loan balance drops below 80%. And, the minimum credit score requirement is lower than some other low money down products.
Call us today to learn more.
Additional Features Include
- Minimum 3% down required
- Borrower may use gift funds, employer assistance and secondary financing to help cover the down payment and closing costs
- Mortgage insurance may be canceled once loan balance drops below 80%
- Fixed rate mortgages
- Primary residences only
- Additional flexibilities for teachers, firefighters, law enforcement, healthcare workers, and members of the US Armed Forces
- Terms and restrictions may apply. Call us for details.
Mid America Mortgage, Inc.
15301 Spectrum Drive, Suite 405
Addison, TX 75001
Call Mid America Mortgage, Inc.
Toll Free: (866) 655-0466
At Mid America Mortgage, Inc. we’re always looking for talented mortgage professionals to join our growing team. We’re an Equal Opportunity Employer offering a highly competitive compensation and benefits package.
Visit our CAREERS PAGE for more information.
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Mid America Mortgage, Inc., NMLS 150009 (www.nmlsconsumeraccess.org) is an equal opportunity lender, Arizona Lic BK 091759; licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act Lic 4131103 and Finance Lenders Law Lic 603J732; regulated by the Colorado Division of Real Estate; Georgia Lic 31847; Illinois Residential Mortgage Licensee MB.6760775; Kansas Licensed Mortgage Company MC.0025093; Massachusetts Lic ML150009; New Hampshire Banking Department; Oregon ML-5045; Washington Lic CL-150009.