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A great option for first-time homebuyers and homeowners looking to refinance

Home OneSM

HomeOneSM is a Freddie Mac loan program designed for qualified first-time homebuyers. It also helps current homeowners looking for a no cash-out refinance, also known as a rate/term refinance. HomeOneSM allows for a rate / term refinance transaction if the existing loan being refinanced is owned (securitized) by Freddie Mac. HomeOneSM only requires a 3% down payment, and you’re not limited to a traditional, single-family residence.


Low down payments beginning at just 3% of your total loan amount.

You may qualify with a minimum 620 FICO score.

Allowed property types include single family homes, condominiums, modular homes, 1 unit co-ops, manufactured homes* and homes in Planned Unit Developments (PUDs).

Manage your monthly payments easily with 30-year, fixed-rate financing, or save on interest with a 15-year loan term.

No income or geographic restrictions, so you’re free to shop for a home within the neighborhoods you prefer.

Your mortgage insurance may be discontinued when your home equity reaches 20%.

Homebuyer education is required, and helps you prepare for the responsibilities of a mortgage.

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


Caliber is committed to assisting more borrowers with achieving their dreams of home ownership by providing affordable, personalized lending solutions. Your local Caliber Loan Consultant can help you apply for financing and answer all of your questions.

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