Fixed
• Terms of 8, 10, 12, 15, 20, 22, 25, 27, and 30 years
• Max LTV up to 97%
• CLTV up to 105%
• Giftable down payment
• Blended ratios for non-occupant co-borrower
 
ARM
 • 3/1, 5/1, 7/1, and 10/1
 • Max LTV up to 95%
 • Giftable down payment
• Blended ratios for non-occupant co-borrower

High Balance or Super Conforming
• Fixed/ARM
• Eligible for higher Fannie Mae/Freddie Mac loan limits in high-cost areas
• Avoid jumbo financing
 
Multiple Property
• Fixed/ARM
 • For second home or investment property financing
 • For borrowers with 7-10 financed properties

Fannie Mae HomeReady and Freddie Mac Home Possible
• CLTV up to 105%
• Fixed rate
• No minimum borrower contribution
• Max LTV up to 97%
• Both programs now limit borrower income to 80% of AMI
• HomeReady can combine with features from Fannie Mae HomeStyle Renovation program to finance renovations or extensive remodeling.

 Freddie Mac HomeOne
 • 97% LTV/105% TLTV/97% HTLTV
 • Purchase or “no cash-out” refinance
 • No geography or income limits
 • For purchases, at least one borrower must be a first-time homebuyer
 • When all borrowers are first-time homebuyers, at least one borrower must participate in homeownership education
• Primary residence only—all borrowers must occupy mortgaged premises