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Measuring the Effect of Homeownership Counseling - Freddie Mac

Measuring the Effect of Homeownership Counseling - Freddie Mac 2025

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The document presents empirical evidence on the effectiveness of pre-purchase homeownership counseling in reducing mortgage delinquency rates among borrowers in Freddie Mac's Affordable Gold program. Analyzing data from nearly 40,000 mortgages, the study finds that counseling can lower 90-day delinquency rates by an average of 19%. It highlights variations in effectiveness across different counseling types, with individual counseling showing the most significant reduction (34%), followed by classroom (26%) and home study (21%). Telephone counseling was found to have no statistically significant impact. The findings support the role of effective counseling in enhancing affordable lending programs and suggest a need for targeted approaches to counseling delivery.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Do home ready and home possible have income limits?

Similar to the HomeReady program, Home Possible mortgages come with income limitations. The borrowers annual income must be less than or equal to 80% of the local AMI. Down payment options.

Can you put 20% down on home possible?

The income limit for Home Possible loans typically is set at the median income for the area where the home is located, but there are exceptions. Yes, you can put 20% down or more on a Home Possible loan.

What is the maximum DTI for a home purchase?

While standards vary, most lenders prefer a DTI ratio below 35%-36%. Some mortgage lenders may allow up to 43%-45%, with loans insured by the Federal Housing Administration (FHA) allowing up to 50%.

What is the DTI limit for Freddie Mac home possible?

Debt-to-income ratio (DTI): Freddie Mac doesnt provide a maximum DTI requirement, though borrowers should aim for a DTI equal to or less than 50%. This is a general DTI guideline when qualifying for a mortgage. Property type: Owner-occupied primary residences are eligible for Home Possible financing.