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Freddie Mac HomeOne Loan

3% Down First Mortgage First Time Homebuyers

Type Of Program

Deferred Second Mortgage

Program distribution

Program Originator

Freddie Mac





Interest Rate

Loan Term

All Over US

Freddie Mac, the other major agency that buys and sells home loans, offers the HomeOne℠ first-time homebuyer program through approved conventional lenders. There are no income limits, but there is a homebuyer education requirement when all borrowers on the loan are first-timers.

Available to qualified first-time homebuyers for a low down payment of just 3%, the Freddie Mac HomeOne℠ mortgage is a low down payment option that serves the needs of many first-time homebuyers, along with no cash-out refinance borrowers.

This mortgage solution allows you to help more first-time homebuyers achieve the milestone of homeownership, regardless of their income levels or geographic location. HomeOne℠ reflects our dedication to responsible lending, sustainable homeownership and improving access to credit.

With more flexibility for maximum financing, HomeOne℠ provides expanded opportunity and greater certainty to bring more borrowers to the closing table.

Household Income Restrictions

AMI Limit


Credit Requirement

Max Debt To Income

Employer Participation Required

Must Contribute Amount

Requires Inspection

Must Earn Counseling Certificate

Eligibility Limitations

Cash Sale Permitted

Cosigner Permitted

Owner Financing Permitted

Must be Primary Residence

Program Provider's Contact Name

Program Provider's Address

Program Provider's Phone

Program Provider's Email

Home Buyer Obligations