The New Freddie Mac HomeOne Mortgage

HomeOne helps Borrowers

This new loan program, effective July 30th, is a 3% down payment option, with no geographic or income restrictions, and is eligible for single-family homes, including townhouses and condos! A 3% down Conventional loan with NO Income, & NO geography restrictions? Say what??


  • At least one borrower must be a first-time homebuyer when the mortgage is a purchase transaction mortgage.

  • Eligible properties include 1-unit propeties, condominiums, and units in Planned Unit Developments.

  • No Income Limits.

  • All borrowers must occupy the mortgaged premises as the primary residence.

  • Homeownership education is required when all borrowers are first-time home buyers.

With more flexibility for maximum financing, HomeOne provides more opportunity to bring more borrowers to the closing table.

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Loan Estimate Comparison 

FHA 3.5% Down 30 Yr. Fixed
No Income or Geography Restrictions

Conventional 3% Down HomeReady Mortgage
Reduced Rate and PMI

Conventional 3% Down HomeOne Mortgage
No Income or Geography Restrictions

Conventional 3% Down MSHDA
Reduced Rate and PMI

Zero down USDA-RD & VA loans also available for qualified buyers.

Program Details

Loan estimates available upon request for qualified buyers.

Tell me your goals!

If you know of someone who is looking to get into the housing market this coming year, please pass my name and contact information along. We greatly appreciate your referrals and recommendations as our source of business!  Thank you for everything.

Naomi Schroeder, Mortgage Lender