×
Sign In Sign Up

Find Homeownership Incentives

Freddie Mac HomeOne Loan

First Time Homebuyers 3% Down First Mortgage

Type Of Program

Down Payment

Program distribution

Grant

Program Originator

Freddie Mac

Amount

$45,000.00

Contact

Blocks

Location
Nationwide
Description
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.
AMI Limit

No

AMI

Employer Participation Required

No

Must Earn Counseling Certificate

No

Eligibility Limitations

Cash Sale Permitted

No

Cosigner Permitted

No

Owner Financing Permitted

No

Must be Primary Residence

No

Program Provider's Contact Name

Program Provider's Address

Program Provider's Phone

Program Provider's Email