A First Home, On A Fixed Rate.
HomeOne is Freddie Mac’s purchase program for first-time buyers on a one-unit principal residence.
A straightforward route into a first home
Built around first-time buyers on a single-unit principal residence.
- At least one borrower must be a first-time homebuyer on a purchase transaction.
- All borrowers must occupy the property as their principal residence.
- Eligible on a one-unit attached or detached single-family home.
- A one-unit condominium or planned unit development also qualifies.
- Homeownership education is required before the note date when all borrowers are first-time homebuyers.
- At least one borrower must have a credit score, as determined by the automated underwriting system.
First-time homebuyer required
Principal residence only
One-unit properties
Condominiums and PUDs eligible
Homeownership education required
Freddie Mac fixed rate
What is the Saxton HomeOne Mortgage?
A Freddie Mac fixed-rate purchase program aimed squarely at first-time buyers.
HomeOne is a Freddie Mac purchase program for people buying their first home. At least one borrower on the transaction has to be a first-time homebuyer, and every borrower on the loan has to actually live in the property as their principal residence. It is not a program for a rental or a second home.
The property has to be a single unit. That covers attached and detached single-family houses, and it also covers a one-unit condominium or a unit in a planned unit development. Two- to four-unit properties fall outside it.
One requirement worth knowing about in advance: where all borrowers are first-time homebuyers, homeownership education certification is required before the note date. That education has to come from an acceptable provider, and it cannot be provided by an interested party to the transaction. It is straightforward to complete, but it is not something to leave until the week of closing.
Why choose the Saxton HomeOne Mortgage?
For first-time buyers who want a fixed rate and a clear set of rules.
Made For First Timers
The program is structured around first-time buyers rather than treating them as an exception to a general product.
A Fixed Rate Throughout
This is a conforming fixed-rate mortgage, so the rate you close on is the rate you keep.
Condos And PUDs Count
A one-unit condominium or planned unit development qualifies, which matters in markets where those are what first-time buyers can actually reach.
Education That Helps
The homeownership education requirement is a real obligation, and most buyers find it genuinely useful the first time through.
We Will Compare Your Options
HomeOne, HomeReady and Home Possible all serve first-time buyers differently, and the income rules are where they diverge. We will lay them out side by side.
Education Before The Note Date
Where all borrowers are first-time buyers, homeownership education must be certified before the note date, so it belongs on your calendar early.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about the HomeOne program for first-time buyers.
No. At least one borrower on a purchase transaction needs to be a first-time homebuyer. All borrowers do, however, have to occupy the home as their principal residence.
No. HomeOne is for a one-unit property. If you are looking at two to four units, we have other programs that fit.
Yes. A one-unit condominium or a unit in a planned unit development is eligible, alongside attached and detached single-family homes.
Where all borrowers are first-time homebuyers, at least one borrower must complete homeownership education and have certification in place before the note date. It has to come from an acceptable provider, and not from anyone with an interest in the transaction.
Credit requirements are driven by the automated underwriting decision, and at least one borrower needs to have a credit score. We can tell you where you stand before you formally apply.
All three serve first-time and lower-down-payment buyers, and they differ mainly in their income and property rules. Which one fits you is worth comparing directly rather than guessing.
No. HomeOne mortgages that are also construction conversion or renovation mortgages are not eligible. We would look at a dedicated renovation or construction program instead.
Find out what you qualify for
If you are buying your first home, HomeOne is one of three programs worth comparing. Let us walk through which one actually fits you.
Get Pre-Qualified*Loan amounts, rates, terms, and eligibility are subject to credit approval, income and asset verification, and program guidelines. HomeOne requires at least one first-time homebuyer on a purchase transaction, principal residence occupancy by all borrowers, and a one-unit property. Homeownership education is required prior to the note date where all borrowers are first-time homebuyers. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.