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Key Highlights
The Benefits
Low Down Payment
Eligible buyers may qualify with less upfront cash.
First-Time Buyer Focus
Designed to support new homeowners.
Conventional Financing
Enjoy the benefits of a conventional mortgage.
What's Required
First-Time Buyer Eligibility
At least one borrower must qualify as a first-time homebuyer.
Mortgage Qualification
Income, credit, and assets are reviewed.
Primary Residence
The home must generally be owner-occupied.
The Ins & Outs
How it Works
Freddie Mac's HomeOne® mortgage is designed to help eligible first-time homebuyers achieve homeownership with a low down payment conventional loan. It provides an affordable financing option while offering the benefits of a conventional mortgage.
Whether you're purchasing your very first home or beginning your homeownership journey, HomeOne® can help make buying a home more accessible for qualified borrowers.
Example Scenario
A young couple is purchasing their first home and wants to minimize their upfront costs while using a conventional mortgage. A HomeOne® loan provides a low down payment financing option that helps them achieve homeownership.
What is a HomeOne® mortgage?
HomeOne® is a conventional mortgage program from Freddie Mac designed to help eligible first-time homebuyers purchase a primary residence with a low down payment.
Who qualifies for HomeOne®?
HomeOne® is generally intended for eligible first-time homebuyers who meet Freddie Mac and lender qualification requirements.
How much do I need for a down payment?
Eligible borrowers may qualify with a low down payment, subject to HomeOne® guidelines and lender requirements.
What type of home can I purchase?
HomeOne® is generally available for eligible owner-occupied primary residences.
How is HomeOne® different from a standard Conventional loan?
HomeOne® is specifically designed to help eligible first-time homebuyers achieve homeownership with low down payment conventional financing.
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