The Freddie Mac BorrowSmart ProgramSM can give you extra purchasing power in today’s busy market.
Saving for a down payment is one of the biggest obstacles today’s first-time home buyers face. The Freddie Mac BorrowSmart ProgramSM helps to decrease those costs and make homeownership more accessible.
To learn more about BorrowSmartSM or to speak with a loan officer:
1 Minimum 90% loan-to-value (LTV)
2 Minimum 90% loan-to-value (LTV) for income greater than 50% and less than or equal to 80% of AMI, and minimum 95% loan-to-value (LTV) for income greater than 80% and less than or equal to 100% of AMI.
Disclaimer: Freddie Mac BorrowSmartSM program is only available in the following states: AL, AZ, AR, CA, DE, DC, FL, GA, IL, IN, KY, LA, MD, MI, MN, MS, MO, NV, NJ, NM, NY, NC, OH, OK, OR, PA, SC, TN, TX, VA, WA, WV, WI. Only available in conjunction with specific conventional conforming financing programs, for primary residences. Pre-purchase homebuyer counseling required. Borrower is responsible for $99 counseling fee. Incentive down payment/closing cost assistance amounts of $1,000 or $1,500 based on Area Median Income and other eligibility criteria.