Mortgage Navigator • Conventional • Affordable Programs
Freddie Mac HomeOne
HomeOne can provide 97% LTV financing for eligible first-time buyers without Home Possible's 80% AMI cap.
No Home Possible income cap
HomeOne is distinct from Home Possible and does not use Home Possible's 80% AMI product limit.
First-time buyer focus
On an eligible purchase, HomeOne requires a qualifying first-time-homebuyer structure under Freddie's product rules.
Property and loan structure
HomeOne is designed around eligible one-unit primary residences and fixed-rate financing, with LPA underwriting and Freddie's product-specific requirements.
Useful comparison: when a buyer is over the 80% AMI limit for Home Possible, HomeOne may still preserve a 3% down Freddie execution if the first-time-buyer and other product rules are met.
Official guide baseline
Fannie Mae Selling Guide · Freddie Mac Seller/Servicer Guide
Affordable-conventional product rules are layered on top of ordinary conventional underwriting. Income limits, occupancy, education, LTV and subordinate financing requirements must all be checked.