Freddie Mac Loans with a Low 3% Down Payment*
Loan Program Option #1
Home Possible® Mortgage
We’re all for removing the barriers to homeownership and raising hope for low-income borrowers.
- Aimed at very low- to low-income borrowers and has income limits based on the area median income (AMI).
- Offers a low 3% down payment option.
- Offers more flexibility for property types, including manufactured homes and 1-4 unit properties.
- Accepts various sources of down payment funds, including gifts and grants.
Loan Program Option #2
HomeOne® Mortgage
We’re all for bringing low down payment solutions to first-time homebuyers.
- Designed for first-time homebuyers with a low 3% down payment option.
- No income or geographic restrictions, making it accessible to a wider range of borrowers.
- Can be used to purchase single-family homes, townhouses, and condos.
- At least one borrower must be a first-time homebuyer.
*Not all applicants or property types will qualify for the 3% down payment option. Please contact a Cornhusker Bank Mortgage Lender to discuss eligibility.