• Low down payment options (minimum 3% down with financing up to 97%)
  • Stable monthly payments on fixed-rate mortgages
  • Multiple repayment terms available
  • Reduced private mortgage insurance coverage levels
  • Flexible closing cost funding options, gift funds allowed
  • Waived or lower qualifying income requirements
  • Accommodating credit score and debt considerations
  • Homebuyer education
  • For purchase and refinances with no cash-out

It's a Good Fit for...

  • Those who have limited funds for a down payment
  • Anyone with income at or below the median household income
  • First-time homebuyers, move-up borrowers, and retirees
  • Past homeowners coming back into the market
  • Anyone transitioning due to a significant life event

Qualifying for a mortgage doesn’t have to seem impossible.

If you are not sure which loan is right for you, or if you have questions regarding any of our loan options, please call or stop by your nearest SNBT office. We’ll be happy to help you determine the best loan for you. For answers to Frequently Asked Questions (FAQs) about Home Possible, visit the Freddie Mac Website

Home Possible® is a registered trademark of Freddie Mac. Eligible properties: One unit properties (Manufactured homes are ineligible). All borrowers must occupy the property as their primary residence. Borrowers income must be at or below 100% of the annual HUD Area Median Income (AMI) for the property location. No income limits apply if the property is located in an underserved area AMI, High Cost and Underserved Areas can be determined with Freddie's Affordable Income and Property Eligibility Tool. First-time home buyers may be required to complete Home ownership education. Contact your Mortgage Lender for more details.

Mortgage Loan Checklist

Qualifying for a mortgage shouldn't seem impossible.

Begin the home buying process fully-prepared, from there we're confident it will be smooth sailing.

  • Completed Mortgage Loan Application
  • Purchase Agreement with Any Addendums (not needed to refinance)
  • Two Recent Pay Stubs
  • Most Recent W-2
  • Current Bank & Investment Statements
  • Loan Payment Information
  • Personal Tax Return
  • Driver's License
  • Homeowner's Insurance
  • Property Tax Bill
  • Business Tax Returns & Certified P&L (if self-employed)