FreddieMac BorrowSmart Access℠
We are proud to offer the Freddie Mac BorrowSmart Access℠ program, helping make homeownership more affordable for eligible homebuyers. With this program, homebuyers can receive up to $3,000 in down payment and/or closing cost assistance.
Freddie Mac BorrowSmart Access℠ benefits
Eligible homebuyers can use this down payment assistance program to:
- Achieve the minimum down payment required for their home loan
- Cover all or part of their closing costs
- Lower their monthly mortgage payment and debt-to-income ratio
- Bring less of their own funds to the closing table, retaining more funds for future needs
program details
- Up to $3,000 in assistance
- Can be used in conjunction with other third-party DPA programs
- Must be a first-time homebuyer
- Income limits apply — call for details
- 1- or 2-unit primary residence, owner-occupied
- Pre-purchase counseling required
Geographical restrictions apply — contact your loan originator to learn more.
