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People Driven Credit Union

Home Possible® Mortgage Loans

Your Path to Affordable Homeownership

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Home Possible® Mortgage Loans

Everyone deserves the opportunity to achieve the dream of homeownership. That’s why we offer Home Possible® Mortgage Loans from Freddie Mac, designed to provide flexible, affordable options for first-time homebuyers and low-to-moderate income borrowers. Home Possible® is a Freddie Mac mortgage program that offers low down payment options and flexible credit terms to help make homeownership more accessible. Whether you’re a first-time homebuyer or looking to refinance, Home Possible® can be an excellent solution for you.

Membership and eligibility requirements apply, with approval subject to application, credit, and property considerations.

Meet Our Mortgage Loan Officer

Michelle Dzon is authorized to act as an agent on behalf of People Driven Credit Union. Contact her for personalized assistance with your mortgage needs.

Michelle Dzon

Michelle Dzon

Member First Mortgage, LLC (MFM)
michelle.dzon@memberfirstmortgage.com
616-301-1714 | NMLS ID: #401292 | People Driven Credit Union NMLS ID: #776727

 

Why Choose a Home Possible® Mortgage?

Low Down Payments: With down payments as low as 3%, Home Possible® makes it easier to afford your new home.

Flexible Credit Requirements: This program is designed to accommodate borrowers with diverse financial backgrounds, including those with limited credit history.

Competitive Rates: Take advantage of competitive interest rates that make your home purchase or refinance more affordable.

Variety of Property Types: Home Possible® loans can be used for single-family homes, condos, and multi-unit properties.

Refinance Options: Home Possible® also offers refinancing options, helping you take advantage of lower rates and better terms.

Benefits of Home Possible® Mortgages

Affordable Homeownership: Low down payments and flexible terms make it easier to buy a home without a large upfront cost.

Flexible Sources of Funds: Use gifts, grants, or savings for your down payment and closing costs.

Homebuyer Education: Home Possible® encourages financial literacy by requiring homebuyer education for first-time buyers, helping you make informed decisions.

Community Focus: This program aims to strengthen communities by helping more people become homeowners.

Frequently Asked Questions

Meet Our PDCU Mortgage Specialist

Michelle Dzon is authorized to act as an agent on behalf of People Driven Credit Union. Contact her for personalized assistance with your mortgage needs.

Michelle Dzon

Michelle Dzon

Member First Mortgage

michelle.dzon@memberfirstmortgage.com

616-301-1714 | NMLS ID: #401292

A Home Possible® Mortgage Loan is a flexible and affordable loan program from Freddie Mac designed to help low-to-moderate income borrowers and first-time homebuyers achieve homeownership. It features low down payment requirements and flexible credit terms.
Home Possible® Mortgage Loans are available to creditworthy low-to-moderate income borrowers. Income limits typically apply, and your income must generally be at or below 80% of the area median income (AMI) for the location of the property. The program is open to both first-time and repeat homebuyers.
The minimum down payment required for a Home Possible® Mortgage is as low as 3% of the home's purchase price. This low down payment option makes it easier to afford a new home without a large upfront cost.
Yes, Home Possible® allows you to use gift funds from relatives, friends, or other eligible sources for your down payment and closing costs. Grants and down payment assistance programs can also be used.
Home Possible® Mortgages can be used to finance various types of properties, including single-family homes, condominiums, and multi-unit properties (up to four units). The property must be used as your primary residence.
The minimum credit score required for a Home Possible® Mortgage is typically 620. However, having a higher credit score can improve your chances of qualifying and securing better interest rates.
Your debt-to-income ratio should generally not exceed 50%. This means that your total monthly debt payments, including your new mortgage, should be 50% or less of your gross monthly income.
Yes, Home Possible® requires first-time homebuyers to complete a homeownership education course from an approved provider, such as CreditSmart. This course helps prepare you for the responsibilities of homeownership and provides valuable financial insights.
Yes, Home Possible® offers refinancing options that can help you take advantage of lower interest rates and better loan terms.
Home Possible® offers numerous benefits, including low down payment options, flexible underwriting standards, competitive interest rates, and the ability to use various sources of funds for down payments. It also promotes financial literacy through required homeownership education.
Apply online or contact our mortgage specialist, Michelle Dzon, who will guide you through the application process, help you understand your options, and determine your eligibility. Michelle Dzon is authorized to act as an agent on behalf of People Driven Credit Union. Contact her for personalized assistance with your mortgage needs.

Michelle Dzon

Michelle Dzon

Member First Mortgage

michelle.dzon@memberfirstmortgage.com

616-301-1714 | NMLS ID: #401292

  • Copy of your driver’s license
  • Last 2 years W2’s
  • Most recent 30 days span of paystubs
  • Last 2 years Federal Tax Returns
  • Most recent two months bank statements, all pages
  • Contact information for homeowner’s insurance agent
You may give us a call at 248-263-4100 to speak with the loan department.

Disclosures

Equal Housing Lender logo

Equal Housing Lender. Member First Mortgage, LLC (MFM) NMLS ID# 149532. All loans are subject to credit approval. Terms and conditions apply. Program availability is subject to change without notice.

Available to all members using a conventional mortgage loan program on a purchase transaction with People Driven Credit Union in the State of Michigan. Not eligible on multi-unit properties, condos, townhomes, or manufactured houses. The Loan Example is current as of 9/9/2025 and based on a $200,000 loan amount with a conventional 30-year fixed rate term (360 monthly principal and interest payments of $1,231.43); 0% Down Payment; 6.25% Interest Rate with an Annual Percentage Rate (APR) of 6.465%. Rates quoted assume excellent borrower credit history. Payment example does not include taxes and insurance; the actual payment obligation will be higher. The cost of Private Mortgage Insurance (PMI) is waived as part of this promotion, to be paid by the Lender. This is not a commitment to lend. All lending products are subject to credit and property approval. Additional restrictions may apply. Member First Mortgage, LLC (MFM) is a partner of People Driven Credit Union. Michelle Dzon #401292, is authorized to act as agent of People Driven Credit Union (24333 Lahser Road, Southfield, MI 48033 | (248) 263.4100 | NMLS ID: 776727) and is authorized to represent Member First Mortgage, LLC, a licensed Mortgage Lender/Servicer (Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | (616) 538.1818 | NMLS ID: 149532). For licensing information, please visit www.nmlsconsumeraccess.org. Equal Housing Opportunity.

SAFE Act Compliance Testing:
We conduct annual independent testing of our mortgage compliance in accordance with the SAFE Act (Reg G) requirements.

All other trademarks are the property of their respective owners.

Equal Housing Lender logo People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727

Membership Requirement:

All accounts and loans require membership at People Driven Credit Union. Membership is available to individuals who live, work, worship, or attend school in the State of Michigan, as well as relatives of current members. To complete an application for any account or loan, you will need the following information:
  • A valid Driver's License, State ID, or Passport with your current address
  • Your Social Security Number
A Membership Share Savings Account is required to establish membership at People Driven Credit Union. A $5 deposit secures your ownership share in the credit union and unlocks access to our full suite of products and services. This account earns 0.01% APY with a $5 minimum deposit.