6 Myths About Freddie Mac’s 3% Down Mortgage

HousingWire, Mar. 14, 2016–Swanson, Brena

Freddie Mac launched its Home Possible Advantage program featuring its 3% down payment option back in December in an attempt to open the credit box for borrowers wanting to jump into the housing market. But what was designed to help more first-time homebuyers and other qualified borrowers jump into the market has struggled to get off the ground.