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
