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

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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 150,000 customers and $30 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

*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. 

Loan Term Down Payment Annual Percentage Rate Estimated Monthly Payment
30 year fixed rate 10% (90% LTV) 4.75% $1,043