HomeOne
Freddie Mac HomeOne
Freddie Mac has created a new mortgage program for First Time Homebuyers. The main difference between HomeOne and Home Possible is that HomeOne does not have any income or geographic limits.
Features:
- Up to 97% financing for home purchase or rate-term refi
- No income or geographic limits
- Flexible sources of funds (gifts/grants/secondary financing) — may be used for down payment and closing costs
- Available for purchase and no-cash-out (rate-term) refinances; fixed-rate financing only.
- Conventional home financing with cancellable monthly Mortgage Insurance (MI) – helps you save money
Eligibility:
- At least one borrower must be a first-time homebuyer (no ownership interest in a residential property during the prior 3 years).
- All borrowers must occupy the property.
- One-unit primary residence eligible. Homebuyer education is required when all borrowers are first-time buyers.
- One Borrower must be a first time home buyer (meaning no ownership interest in a residential property for past three years)
- Mortgage Insurance is required for LTV (Loan-to-Value) greater than 80%
Let’s Talk
Contact a GMFS Mortgage Loan Officer today!
What Sets Us Apart
A Lender Who Cares
With GMFS Mortgage, you’re not just getting a loan—you’re getting a team that’s all in, every step of the way.
Established
Since 1999, we’ve helped over 150,000 people across 23 states become homeowners.
Efficient
Everything from processing to closing happens under one roof. That means fewer hiccups…and more high-fives.
Trusted
A+ BBB rating. Torch Award for Marketplace Trust. A reputation built on doing the right thing.
Experienced
Our team averages 14+ years in the industry—and a lifetime of showing up for our clients.
*Not a commitment to lend. All loans subject to credit and property approval. The following terms are for illustrative purposes only. Rates, payments, and loans terms vary by consumer based on their individual qualifying information. The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance.
| Purchase Price | Loan Amount | Interest Rate | APR | Term |
|---|---|---|---|---|
| $239,000 | $227,050 | 6.5% | 6.725% | 30 |