Freddie Mac BorrowSmartSM Program

Get up to $2,500 toward your down payment or closing costs with the Freddie Mac BorrowSmartSM Program.

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.

BorrowSmart Down Payment Program Highlights

BorrowSmart Down Payment Program Requirements

The Freddie Mac BorrowSmart Program can give you extra purchasing power in today’s busy market.

Check your eligibility and see how much down payment or closing cost money you can receive.


1 Minimum 90% loan-to-value (LTV).

2 Minimum 95% loan-to-value (LTV).  Must be in high needs census tract or subject property must be a manufactured home.

Disclaimer: Freddie Mac BorrowSmartSM program is available in all states. Only available in conjunction with specific conventional conforming financing programs, for primary residences. Pre-purchase homebuyer counseling required. Borrower is responsible for $99 counseling fee. Incentive down payment/closing cost assistance amounts of $1,000, $1,250 or $2,500 based on Area Median Income and other eligibility criteria.