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.


  • Up to 97% financing for home purchase or rate-term refi
  • No Income or Geographic Limits
  • Flexible source of funds – can be used for your down payment and closing costs with no minimum contribution required from your own funds
  • No Reserves required
  • Conventional home financing with cancellable monthly Mortgage Insurance (MI) – helps you save money


  • One Borrower must be a first time home buyer (meaning no ownership interest in a residential property for past three years)
  • 30 Year Fixed only
  • All borrowers must occupy the property
  • Primary residence only
  • Homeownership education required if all borrowers are first time buyers – helps you get ready to buy a home and be prepared for the responsibility of homeownership. The Freddie Mac required homeowner education training is available online at
  • Borrowers can own other property
  • Mortgage Insurance is required for LTV (Loan-to-Value) greater than 80%

Contact a GMFS Mortgage Loan Officer today!

Get Started with GMFS Mortgage

Swipe left to see more reviews

Customer Reviews


Our avg. customer feedback rating = 4.8 stars! Experience for yourself why so many of our customers and partners refer GMFS Mortgage to their family, friends and clients!


Over 100,000 customers and $18 billion in residential mortgage funding in 23 states


Processing, underwriting, and closing under same roof means smooth & predictable closings


A+ rating with BBB and winner of Torch Award for Marketplace Trust


GMFS staff has an avg. of 14+ years of mortgage industry experience