The perfect solution for first-time home buyers, requiring only a 3% down payment.

HomeOne is a low down payment option that serves the needs of more first-time homebuyers, so that more people can realize the dream of homeownership, regardless of their income levels or geographic location.


  • Purchases and R&T Refinances
  • Homebuyer education required for purchase transactions when all borrowers are first-time homebuyers
  • One-unit properties with fixed-rate financing only
  • Standard 35% mortgage insurance coverage required for LTVs > 95%
  • At least one borrower must be a first-time homebuyer*

*Per the Single-Family Seller/Servicer Guide, a first-time homebuyer is defined as an individual who meets all the following requirements: Is purchasing the mortgaged premises, will reside in the mortgaged premises as a primary residence, had no ownership interest (sole or joint) in a residential property during the three year period preceding the date of the purchase of the mortgaged premises.


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