Marcus Wright Mortgage
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Buying a home

Home Possible

The short answer Home Possible is Freddie Mac's affordable conventional mortgage, and eligible borrowers may put a small amount down. Qualifying income is generally capped relative to the area median income, and credit, occupancy, property, education and lender requirements still apply. Mortgage insurance may be cancelled later when the applicable conditions are met.

Last reviewed: October 18, 2026 · General education, not a loan offer or approval. Availability and terms depend on the lender, the property and your file.

It may fit if

  • Your income may fall within the area limit where you want to buy.
  • You want a conventional loan with a small down payment for a primary home.
  • You want to compare it with HomeReady to see which fits your situation.

Tradeoffs to weigh

  • It is a mortgage, not a grant; any assistance is a separate arrangement.
  • Income limits and education requirements apply.
  • Which program works better depends on lender availability, pricing and underwriting.

What to have ready

  • The address or area where you plan to buy.
  • Your household income and how you're paid.
  • Your savings and any gift or assistance funds.
  • Your main monthly debts.

Questions people ask

Is this a government grant?

No. It is a mortgage program, and any assistance used with it is a separate arrangement.

Which is better, HomeReady or Home Possible?

It depends on your actual scenario, lender availability, pricing and underwriting results.

Your next step

Tell me what you're trying to do. I'll check which options fit your situation and walk you through the tradeoffs.

Start my applicationTalk to Marcus

Related topics

Conventional mortgage Low-down-payment conventional loan (Conventional 97) HomeReady FHA mortgage VA mortgage USDA-backed home loan See the loan programs All topics

Sources

Official program and consumer sources this page is based on. Lender rules can be stricter than these.

Marcus Wright
Who you'll work with

You work with me, start to finish.

Marcus Wright · Loan Officer, NMLS #2789841

Originates through Q Mortgage LLC, NMLS #2567464. Licensed in Texas.

Check my license on NMLS Consumer Access

I aim to get back to you within a few working hours, often sooner.

Se habla español. Every page and form here works in Spanish.

How it works

  1. 1. Tell me your goalCall, book a time or send a note. No SSN and no credit check to start a conversation.
  2. 2. I compare your optionsI look at your income, property and plans, and explain the costs and tradeoffs of each route in plain language.
  3. 3. Apply when you're readyYou apply through a secure application. The lender's underwriting makes the final decision, and I keep you updated until closing.
Contact

Let's talk about your loan.

Call, book a time, or send a quick note. Whatever's easiest.

(682) 403-3406Tap to call Pick a timeBook a call on my calendar Weekend timeSat–Sun, 11 a.m.–7 p.m. Central. I confirm it personally. marcus@qmortgage.aiEmail me anytime

Hours Weekdays 8 a.m.–8 p.m. Central. Weekends 11 a.m.–7 p.m. Central by appointment.

I aim to get back to you within a few working hours, often sooner.

Tell me about your loan