Freddie Mac, AMCORE Bank Launch New Loan Program to Expand Homeownership Opportunities in Underserved Markets

ROCKFORD, Ill., April 5 /PRNewswire-FirstCall/ -- AMCORE Bank today announced its Home Possible(sm) Mortgage to foster stronger communities by making affordable home financing more accessible to working families and many key community professionals who may have limited credit or down payment savings.

AMCORE Bank is one of the first to work with Freddie Mac (NYSE: FRE - News) to offer this new suite of mortgages to borrowers at or below 100% median income or living in underserved areas. One of the nation's largest investors in residential mortgages, Freddie Mac makes homeownership more accessible and affordable to millions of borrowers each year.

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