Making Home Possible, the first of three Freddie Mac mortgage solution webinars was held June 24. The webinar focused on resources for borrowers with low to moderate incomes and also touched on educational resources for new and prospective borrowers and solutions for homeowner recovery from the economic impact of COVID-19.

Part two of the Freddie Mac webinar series, Lending Products for Aging Housing Stock, will be held July 7, 2020 at 11 a.m. Register now.

Carmen Mercado, Single-Family Client & Community Engagement Senior Manager and Sandra Heidinger, Affordable Lending Manger, spoke to members about the changing demographics of homeowners, anticipated market trends, and Freddie Mac programs that help homebuyers achieve their objectives.

Topics discussed:

• Home Possible® mortgage – three percent down payment solution
  • Not limited to first time homebuyers
  • Flexible sources of downpayments
  • No credit score necessary
  • PMI flexibility
  • Other unique features (loan to value ratios, income flexibility, pricing, refinance options)
• HomeOne mortgage – 
  • first-time homebuyer solution
  • three percent down payment
  • maximum financing
• CHOICERenovation® mortgages
  • renovation financing for aging properties
• ChoiceHome®
  • financing for factory-built homes
• Home Starts Here Podcast
  • Single-family resources
  • Industry trends, insights and points of view on the mortgage market
• CreditSmart® – free financial education
  • Credit Smart® Homebuyer U helps borrowers prepare for the future
  • Certificate and no certificate programs
  • Multilingual webinars and in-person workshops
  • Instructor training

The second Freddie Mac webinar in the three-part series, Lending Products for Aging Housing Stock, will be held July 7, 2020 at 11 a.m.  Dennis Smith, Freddie Mac Single-Family Affordable Lending and Access to Credit Manager will lead this session which will focus on financing for energy-efficient improvements and renovations. Register for this free webinar now.