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The monthly payment at 8.490% APR for a term of 12 months would require payments of approximately $87.22/month, per $1,000 borrowed. APR=Annual Percentage Rate, subject to change. Rate is based on individual creditworthiness and term of the loan. The use of this calculator does not imply nor guarantee loan terms nor approval of financing.

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What is a Home Possible® Mortgage Loan?

What is a Home Possible® Mortgage Loan?

Who is eligible for a Home Possible® Mortgage Loan?

What are the down payment requirements for a Home Possible® Mortgage?

Can I use gift funds or grants for my down payment?

What types of properties are eligible for Home Possible® Mortgages?

What are the credit score requirements for a Home Possible® Mortgage?

What is the debt-to-income (DTI) ratio requirement?

Is homeownership education required?

Can I refinance an existing mortgage with a Home Possible® Mortgage?

What are the benefits of a Home Possible® Mortgage Loan?