Freddie Mac Home Possible Advantage

F Purchase Apply Today
  • Requires only 3% down payment
  • Down payment can be a gift from a relative
  • No reserves required
  • Lower than typical PMI coverage required
    • Example: 95-97% LTV = 18% coverage instead of 35%
  • Loan rate not dependent on credit score, pending Freddie Mac approval
  • Receive up to a $500 gift card at closing*

The Freddie Mac Home Possible Advantage is a great mortgage option if you don’t have the funds for a large down payment and live below the Area Median Income. Apply online or call us at (812) 469-9928 or 1-800-800-9271 to get started.
*Gift card offer is available on financing of purchase or construction loans for primary residences only. Purchase or construction loan amounts up to $149,999 will receive a $250 gift card. Purchase or construction loan amounts of $150,000 or greater will receive a $500 Gift Card. Not valid in combination with any other offer.

Take the first step toward your new home. Apply today! Apply Today

Area Median Incomes

FY 2015 Income Limit Area100% Median Income
Crawford County$47,900
Daviess County$57,700
Dubois County$69,200
Gibson County$66,600
Greene County$55,200
Knox County$56,900
Perry County$60,900
Pike County$52,600
Posey County$63,400
Spencer County$67,500
Sullivan County$58,700
Vanderburgh County$63,400
Warrick County$63,400
FY 2015 Income Limit Area100% Median Income
Breckinridge County$50,200
Butler County$47,600
Calloway County$58,700
Daviess County$57,500
Grayson County$43,900
Hancock County$57,500
Henderson County$63,400
Hopkins County$53,600
Livingston County$49,300
Lyon County$55,600
Marshall County$59,500
McLean County$57,500
Muhlenberg County$48,000
Ohio County$44,800
Trigg County$51,400
Union County$48,500
Webster County$63,400


What information will ETFCU need to process my application?
  • Prior two years addresses and dates of residence.
  • Social Security number or tax ID.
  • Driver’s license or state issued identification card.
  • Prior two years employment information including employer contact and dates of employment.
  • Most recent W2 and pay stub for all income sources.
  • Two years federal tax returns, including tax applicable schedules if you are self-employed, have rental income, farm income or additional non-W2 reported income.
  • Alimony, child support or separate maintenance documentation if you wish to have it considered as basis for repaying this obligation.
  • Additional information may be required such as Divorce decree (if applicable) and/or proof of extra income such as rental income, dividends, Social Security, retirement, disability, pension, or welfare (supporting documentation is required).
  • Balance owed on all liens attached to the property including all mortgages as well as any home equity loans or lines of credit.
  • Most recent mortgage statement (if applicable).
  • Most recent property tax bill.
  • Most recent hazard insurance declaration page.
  • Most recent flood insurance declaration page (if applicable).

Loans are subject to credit review and approval. Closing costs may apply. A sample principal and interest payment on a (30)-year $150,000 fixed rate loan amount with a 4.250% interest rate (4.317% APR) is $737.91. Taxes and insurance are not included; therefore, the actual payment obligation will be greater. Actual interest rate may vary based on credit history. $500 Visa gift card offer available on conventional financing for purchases of primary residences only.