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.
The information on this page is not part of, and is not a replacement or substitute for, the requirements found in the Freddie Mac Single-Family Seller/Servicer Guide and your other Purchase Documents.
- 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 MI® coverage available with a credit fee in price.
- Eligible Mortgage Products
Purchases and no cash-out refinances.
- Maximum LTV Ratios
97% LTV/105%TLTV allowed for both Affordable Seconds® and other secondary financing per Single-Family Seller/Servicer Guide Bulletin requirements.
- Property Type/Eligible Properties
One-unit properties with fixed rate financing only; accommodates various property types.
- Mortgage Insurance
Standard 35% mortgage insurance coverage required for LTVs > 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.
HomeOne® Mortgage Flyer
Overview of the HomeOne mortgage and its benefits for lenders and borrowers.
Training & Events
Find training opportunities, self-study tools and resources to originate Refi Possible refinance offering.
Loan Advisor® uncovers hidden value for your business. Our data and models reveal opportunity at every stage of the lending process.
The same content you depend on, but more streamlined, intuitive and usable, with a modern look, robust search and improved functionality.
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.
CreditSmart® is a suite of educational resources designed to empower consumers with the skills and knowledge to assist them through every stage of their financial capability and homeownership journey.
Take advantage of the information we have gathered here to expand your efforts in reaching homebuyers in today’s changing marketplace.
MyHome by Freddie Mac®
We’re extending help to homeowners and renters facing financial hardships as a result of COVID-19.
HomeOne® Mortgage Requirements
Learn how HomeOne® can help first-time homebuyers who are looking for a flexible, low down payment solution.
HomeOne® Training Resources
Find training on HomeOne®, a flexible low down payment option for first time homebuyers.