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Freddie Mac
BorrowSmartSM Program

Get $2,500 toward your down payment or closing costs with Freddie Mac or Fannie Mae income-based Grants for qualifying borrowers.

Saving for a down payment is one of the biggest obstacles today’s first-time home buyers face. These grants help to decrease those costs and make homeownership more accessible.

Grant Program Highlights

  • $2,500 for borrower(s) whose qualifying income is less than or equal to 50% of the county area median income (AMI)1, with a Freddie Mac income-based grant.
  • Owner Occupied Primary residence purchase only
  • At least one borrower must be a first time homebuyer

1 Program available in all states. Primary residence purchase transactions only. At least one borrower must complete HUD approved pre-purchase home-buyer education or counseling if all borrowers are first-time home buyers.

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