Why Not Home Possible Advantage?

[Chris Weis]

Hello all,

It seems like the MI companies and the correspondents our bank uses are really pushing HomeReady, but not Home Possible Advantage. Home Possible Advantage has many more "no income limit" areas... in fact I haven't found many homes near me that don't qualify for Home Possible Advantage no income limit, but nothing near me qualifies for Home Ready no income limit.

Does anybody know why there's such a bias towards HomeReady? I'd rather go Freddie these days anyways as I'm getting higher ratio approvals on FHLMC and FHA, plus because of the enhancements coming to Home Possible Advantage in October.


Thanks in advance,

Chris