HomeOne Program

Qualify more First-Time Homebuyers with
Freddie Mac HomeOneSM 3% down payment solution.

A conventional mortgage focused on first time homebuyers with a low down payment option and requires no geographic or income restrictions.

Additional eligibility requirements include the following:

  • Allowed on fixed-rate purchase and no Cash-Out transactions for 1-unit properties that are not manufactured homes.
  • At least one borrower on the transaction must have a usable credit score.
  • Purchase transactions require at least one borrower be a first time homebuyer.
  • No Cash-Out refinances require the mortgage be owned or securitized by Freddie Mac.
  • If all borrowers are first time homebuyers, participation in a homeownership education program is required.
  • Super conforming loan limits are not eligible.

See Freddie Mac product guidelines for complete program details and eligibility.