Key figures.
- Credit
- Per AUS
- LTV up to
- 97%
- 1-unit primary, purchase & rate/term
- Loans to
- $845K
- 1-unit primary, purchase & rate/term
Limits by occupancy.
Score · LTV · Loan in each cell, with the tier each needs beneath.
| Occupancy | Purchase & rate/term | Cash-out |
|---|---|---|
| 1-unit primary | Per AUS score97% LTVloans to $845K | Not offered |
What to know.
- Maximum LTV
- 97%Program offered above 95%; at 95% or below, standard conventional guidelines apply.
- Buyer history
- First-time-buyer requirementAt least one borrower must meet the program’s first-time-homebuyer definition.
- Property
- One-unit primary residenceSFR, eligible condo or PUD; manufactured homes are ineligible.
- Underwriting
- LPA AcceptMortgage-insurance and program overlays still apply.
- Affordable Seconds
- Up to 105% TCLTVPurchase only with an approved Affordable Second; not a general leverage allowance.
- Refinance path
- Existing Freddie Mac loanAt 95.01%–97% LTV, the existing loan must be owned by Freddie Mac.
- Ways to qualify
- Full docNot offered: bank statements, P&L only, WVOE only, asset utilization, DSCR, ITIN, foreign national and recent credit event.
Documents.
Other programs.
Compare with
- ConventionalHome PossibleFreddie Mac’s affordable-lending option
- Score
- Per AUS
- LTV
- 97%
- Loan
- $1,625,350
- ConventionalHomeReadyFannie Mae’s affordable-lending option
- Score
- Per AUS
- LTV
- 97%
- Loan
- $2,438,025
- ConventionalFreddie Mac ConformingConventional financing through Loan Product Advisor
- Score
- Per AUS
- LTV
- 95%
- Loan
- $2,438,025
Questions brokers ask.
Can a non-occupant co-borrower participate?
The supplied HomeOne guide does not permit non-occupant co-borrowers. Compare another program if the loan needs that support.
When should I compare standard conventional?
At 95% LTV or below, the guide directs the loan to standard conventional requirements. Compare the appropriate conventional path instead of carrying over HomeOne’s structure.
Your next borrower. Our next conversation.
Bring us your next HomeOne loan.
Send the scenario, ask JMAC a question, or get set up with your lending team.