Freddie Mac HomeOne is a mortgage program designed to help first-time homeowners with no geographic or income restrictions. It offers low down payment financing with flexible loan options.
Program features
Struggling with a loan scenario? Push the button and get a solution in 30 minutes!
Write to us, we will contact you within 30 minutes.
As fast as
24 hr
As fast as
24 hr
As fast as
24 hr
Freddie Mac HomeOne is an option for the first-time homebuyers. The program provides flexibilities and a low down payment compared without any income or geographic restrictions.
The major benefits include the following:
There are no income or geographic limitations to be qualified. However, at least one borrower must be a first-time homebuyer. Homebuyer education is required when all borrowers are first-time homebuyers.
Yes. Standard mortgage insurance (35%) is required with 95% LTV. Custom MI rates are applicable; reduced MI at 18% is permitted with a LLPA.
Yes. At least one borrower must be a first-time homebuyer to be qualified for Freddie Mac HomeOne.
Though both programs offer low down payment to the first-time homebuyers, Home Possible has income restrictions that vary by location, while HomeOne doesn’t.
