Pick a loan option for you
Or Call 800-917-1595

Home Possible Loan

Home Possible by Freddie Mac – Serving California, Connecticut, Colorado, Florida, Georgia, Illinois, Maryland, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, & Washington D.C.

Looking for an alternative to FHA?  Freddie Mac has introduced a new product, Home Possible® that offers low down payments for low-to moderate-income homebuyers or buyers in high-cost or underserved communities. Click here for the eligibility map and income restrictions by address

  • Maximum LTV an CLTV of 95%
  • Property Options (video): 1-4 units, condos and planned-unit developments; manufactured homes are eligible with certain restrictions.
  • Flexible Sources of Down Payments:Down Payment can come from a variety of sources, including family, employer-assistance programs and secondary financing.
  • Cancellable Mortgage Insurance (video): Mortgage insurance (MI) can be cancelled after loan balance drops below 80 percent of the home’s appraised value.
  • Home Possible Loan: 15- to 30-year fixed-rate mortgages, 5/1, 7/1 and 10/1 ARMs.
  • Refinance Options (video): No cash-out refinancing option is available for borrowers who occupy the property.
  • Income Flexibility (video): Borrowers with incomes above AMI may be eligible in high-cost areas. No income limits in underserved areas. Use the Home Possible Income & Property Eligibility Tool to see income limits for specific properties.
  • No Credit Score Necessary (video):Borrowers without credit scores are eligible for mortgages with down payments as low as five percent. Learn more. [PDF]

Northstar Funding Inc – NMLS 139369
Licensed Mortgage Correspondent Lender State of Connecticut (#MCL-139369); Licensed Mortgage Broker State of Florida (#MBR708); Licensed Mortgage Lender State of Maryland (#21674); Licensed Correspondent Residential Mortgage Lender State of New Jersey (#0751973); Registered Mortgage Broker State of New York (#A007412); Licensed Mortgage Broker Commonwealth of Pennsylvania (#44493); Licensed Loan Broker State of Rhode Island (#20143018LB); California License (#60DBO61184 ); Licensed Mortgage Broker District of Columbia (#MLB139369); North Carolina Mortgage Broker License (#B-175236); Colorado Mortgage Company Registration; Georgia Mortgage Broker/Processor License/Registration (#61015); South Carolina-DCA Mortgage Broker License; Oregon Mortgage Lending License (#ML-5692); Illinois Residential Mortgage License (#MB.6761332); Virginia Broker License (#139369); Massachusetts Mortgage Broker License (#MB.139369) New Hampshire Mortgage Banker License (#23399MB)

Click here to read Important Disclosures

Registered Mortgage Broker-NYS Banking Department. Loans arranged through third party venders
79 Hudson Street, Suite 301A, Hoboken, NJ 07030
Copyright © 2018. All rights reserved.

Offical Mortgage Consultant for SUNY Manhattan | Mortgage Loan Specialists  | FHA Mortgage Refinance  | Mortgages For Foreign Nationals  | First-Time Home Buyer Mortgage  | Jumbo Home Mortgages  | Home Equity Line Of Credit (HELOC)  | Mortgage Loan Lenders  | Non Warrantable Condo Financing  | Financing for Condo Hotels  | Financing for Co-ops | Refinance Home Loans Rates

This site is not authorized by the Department of Financial Services. No mortgage loan applications for properties located in New York will be accepted through this site

The advertisement of a mortgage loan by a residential mortgage broker (or residential mortgage lender that acts merely as a mortgage broker with regard to the advertised loan) or by a mortgage loan originator employed by such licensee that does not specifically and conspicuously state that the advertiser will not make any mortgage loan commitments or fund any mortgage loans under the advertised program and does not contain a statement that conspicuously states that the advertising licensee, or his or her employer if the advertiser is a licensed mortgage loan originator, arranges loans with third-party providers; licensed by the N.J. Department of Banking and Insurance.