Conventional loans icon

HOME ONESM

A great option for first-time homebuyers and homeowners looking to refinance

Home OneSM

HomeOneSM is a Freddie Mac loan program designed for qualified first-time homebuyers. It also helps current homeowners looking for a no cash-out refinance, also known as a rate/term refinance. HomeOneSM allows for a rate / term refinance transaction if the existing loan being refinanced is owned (securitized) by Freddie Mac. HomeOneSM only requires a 3% down payment, and you’re not limited to a traditional, single-family residence.

FEATURES AND BENEFITS

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

You may qualify with a minimum 620 FICO score.

Allowed property types include single family homes, condominiums, modular homes, 1 unit co-ops, manufactured homes* and homes in Planned Unit Developments (PUDs).

Manage your monthly payments easily with 30-year, fixed-rate financing, or save on interest with a 15-year loan term.

No income or geographic restrictions, so you’re free to shop for a home within the neighborhoods you prefer.

Your mortgage insurance may be discontinued when your home equity reaches 20%.

Homebuyer education is required, and helps 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 minimum 640 FICO required.

LET US GUIDE YOU HOME

Caliber is committed to assisting more borrowers with achieving their dreams of home ownership by providing affordable, personalized lending solutions. Your local Caliber Loan Consultant can help you apply for financing and answer all of your questions.

Ready to Purchase a Home?

Find a Loan Consultant in Your Area to Get Started.

Go

Looking to Refinance?

Contact a Loan Consultant Directly to Start the Refinance Process.

Refinance Now

How much can I borrow?

The loan process many times boils down to what you can afford. A good way to check your potential finances is to utilize a monthly payment calculator such as the one found here with Caliber.

Go to Calculator

Fresh Start

Designed to elevate your opportunities in the housing market and get you back on your feet, the Fresh Start program boasts features such as low down payments and favorable credit score requirements. Is Fresh Start for you?

More About Fresh Start

© 2018 Caliber Home Loans, Inc. All Rights Reserved. NMLS#15622
Name
Title
NMLS#
Address
home3 image music film file-empty file-text2 file-picture file-music file-play file-video file-zip folder-download folder-upload price-tag phone location location2 compass map map2 calendar display laptop mobile mobile2 tablet tv bubble key key2 lock unlocked pie-chart stats-dots stats-bars stats-bars2 trophy warning notification question info google-plus facebook twitter youtube vimeo linkedin2 file-pdf file-openoffice file-word file-excel libreoffice