Help first-time homebuyers overcome down payment barriers with a HomeOne loan. This Freddie Mac program offers down payments as low as 3%, along with relaxed income requirements.

Home Possible® also allows for an Affordable Second®, a secondary loan from a nonprofit group, state agency, or county agency. This helps give your client access to more funding.

For your clients who already have a Freddie Mac mortgage, you may be able to get them better rates or change the terms of their loan. HomeOne also offers no cash-out refinancing on existing Freddie Mac loans.*

Key Features and Benefits

  • Low down payments beginning at just 3%
  • No income or geographic restrictions
  • Allows both Affordable Second and other secondary financing per the Single-Family Seller/Servicer Guide requirements
  • Refinancing to those with a Freddie Mac mortgage

Property Types

  • Single-family (detached, attached)
  • Condominium
  • Modular home
  • Manufactured home**
  • Single-unit cooperative (refer to Cooperative Share Loan Guidelines)
  • Planned unit development (PUD) (detached, attached)

FICO®/Credit Score

  • Credit scores as low as 620 are accepted

Additional Requirements

Caliber Home Loans, Inc. ("Caliber") makes it easy for our Wholesale Business Partners to put borrowers in their dream homes. We’re available to answer any questions you may have and provide direct access to the entire application process online.

Once you’re a Caliber Business Partner, you’ll have immediate online access to the entire application process and all related forms. No paper, no traveling, and no mailing. We have the tools to help your clients close quickly.

*Guidelines subject to change. Refer to AllRegs® for details..

**Manufactured homes are allowed on Purchase and Rate Term Refinance Transactions of a Primary Residence only. Among other requirements, a 95% loan-to-value (LTV) and a minimum of 640 FICO score are required.

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