Low down payments for first-time homebuyers or new rates and terms for homeowners with a Freddie Mac loan

The Freddie Mac HomeOne℠ mortgage is a low down payment option for qualified first-time homebuyers. It helps hopeful first-time buyers become homeowners, offering relaxed requirements for income levels and geographic locations. HomeOne℠ only requires a 3% down payment, and you’re not limited to a traditional, single-family residence.

If you already have a Freddie Mac mortgage, this program offers a no cash-out refinance so you can change the rates and terms of your loan.

Key Features and Benefits: 

    • Low down payments beginning at just 3% of your total loan payment. 

    • You may qualify with a minimum 620 FICO score 
    • Several property types are allowed, including single-family home, condo, modular homes, one unit co-ops, manufactured home* and homes in Planned Unit Developments (PUDs) 
    • No income or geographic restrictions, so you're free to shop for a home within the neighborhood you prefer. 
    • Homebuyer education is required, and help you prepare for the responsibilities of a mortgage. 

* Manufactured homes are allowed on Purchase and Rate Term Refinance Transactions of a Primary Residence only. Among other requirements, 95% LTV and a minimum of 640 FICO required.

Estimate your monthly payment

Update the information below to estimate your monthly payment

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Private Mortgage Insurance typically costs between 0.5% to 1% of the entire loan amount over 80% LTV on an annual basis.

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Your Monthly Payment


Your Payment

Monthly Principal & Interests : $1145.80

Monthly Real Estate Taxes : $316.67

Monthly Insurance : $66.67

Monthly PMI : $0.00

Total Monthly Payments : $1529.13

Additional Information

Loan To Value Ratio : 80.00%

Months With PMI : 0 months

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