Freddie Mac HomeOne
Available to qualified first-time homebuyers for a low down payment of 3%.
Benefits
- Available with Fixed Rate Mortgages
- Down payment and closing costs can be paid by borrower, gifts, agency approved grants and/or agency approved Affordable Seconds
- No geographic or income limits
Details
- Primary 1-unit Owner-occupied purchases for first-time homebuyers up to 97% Loan-to-value (LTV)
- Primary 1-unit owner-occupied "no cash-out" refinances only up to 97% LTV
- Homeownership education course required for first-time homebuyers
- Private Mortgage Insurance required for LTVs greater than 80%
The offer of credit is subject to credit approval.