Freddie Mac BorrowSmart® Program

Freddie Mac BorrowSmart® Program

Are you in need of down payment assistance? We have exciting news! 

The Freddie Mac BorrowSmart® Program provides qualified low- and moderate-income borrowers with up to $1,500 in down payment and closing cost assistance.


The amount of assistance that you will receive is based on area median income (AMI) requirements. Click here to look up your local AMI limits.
  • $1,500 for borrowers whose qualifying income is less than or equal to 50% of the county AMI.
  • $500 for borrowers whose qualifying income is greater than 50% and less than or equal to 80% of the county AMI.
These funds can be applied towards your down payment, closing costs, or for permanently buying down the note rate on the purchase of a primary residence. 


To receive assistance, you must qualify for a Freddie Mac Home Possible® mortgage, an affordable loan option that starts at 3% down. Click here for more information about Home Possible®.

BorrowSmart® requires all occupant borrowers to attend homebuying counseling. There is an upfront $99 fee for counseling. 

In addition to income limits, some geographical restrictions may apply.

Contact one of our loan officers today to determine if you qualify for assistance!

Additional restrictions and guidelines apply.