Introducing 

BorrowSmartsm

by Freddie Mac

Get up to $2500 toward your down payment or closing costs with BorrowerSmartSM

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Saving for a down payment is one of the biggest obstacles today’s first-time home buyers face. The Freddie Mac BorrowSmart Program helps to decrease those costs and make homeownership more accessible.

  • $2,500 for borrowers whose qualifying income is less than or equal to 50% of the county area median income (AMI)
  • $1,250 for borrowers whose qualifying income is less than or equal to 50% and less than or equal to 80% of the county area median income (AMI)
  • $1,000 for borrowers whose qualifying income is greater than 80% and less than or equal to 100% of the county (AMI)

Program Requirements

  • Primary residence purchase only
  • Property must be located in an eligible state
  • Borrower must complete pre-purchase counseling with a HUD-approved homeownership counselor

Don't need the extra $2,500? Well, you can utilize it to lower your rate and/or to increase your buying power. In a competitive market, every last bit helps. 

Check your eligibility and see how much you can get!

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