HomeOne®
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.
Who is HomeOne® for?
- First-time homebuyers
- Borrowers who need flexible financing
- People purchasing single family homes, including townhouses and condos.
Disclaimer
The information on this page is not part of, and is not a replacement or substitute for, the requirements found in the Single-Family Seller/Servicer Guide and other Purchase Documents.
Product Features
- Borrower Eligibility/Borrower Profile
No borrower geographic or income limits. Homebuyer education required for purchase transactions when all borrowers are first-time homebuyers.
- Credit Fees
Custom mortgage insurance coverage available with a credit fee.
- Eligible Mortgage Products
Purchases and no cash-out refinances.
Fixed rate mortgages only.
- Maximum LTV Ratios
97% maximum LTV/TLTV*/HTLTV ratios.
*For HomeOne mortgages with Affordable Seconds®, the maximum TLTV ratio is 105%
- Property Type/Eligible Properties
One-unit primary residence.
May not be secured by a manufactured home, unless the property is a CHOICEHome®
- Mortgage Insurance
Standard 35% mortgage insurance coverage required for LTV ratios > 95%.
Growing Your Business
From valuable training and networking events to advanced tools and applications that help you work smarter, Freddie Mac has the resources you need to expand into new markets and grow your revenues.
Resources for Borrowers
Reaching and educating borrowers – and helping them find the right mortgage – is essential for your business. Freddie Mac provides an array of materials you can share with your clients and business prospects.