HomeOne® Loan for First Time Home Buyers

Freddie Mac HomeOne® mortgage is a great option for first-time homebuyers, as it offers a low down payment option while providing competitive and flexible mortgage options. This mortgage product is designed to help first-time homebuyers purchase a home more affordably, even with a limited down payment.

The Freddie Mac HomeOne® mortgage has a few key features, including:

  • Flexible eligibility requirements. Buyers don’t need a perfect credit score or a large down payment when applying for a HomeOne® mortgage.
  • Low down payments. The down payment requirement for HomeOne® is a minimum of 3%.
  • Competitive interest rates. HomeOne® mortgage rates are competitive and can be easily compared with other mortgage products.
  • Options for different loan types. You can choose between fixed-rate and adjustable-rate mortgages, as well as FHA and VA loan options.
  • Low PMI (Private Mortgage Insurance) costs. PMI may be required with low down payment mortgages, but the cost can be up to three times less with a HomeOne® mortgage.
  • Maximum loan limits. Compared to many other mortgages, HomeOne® offers higher maximum loan limits, allowing borrowers to finance more expensive homes.