Get up to $4,000 in Down Payment Assistance
Freddie Mac BorrowSmart Access puts homeownership within easier reach
We’re excited to make homebuying more affordable by offering Freddie Mac BorrowSmart Access.
This program provides up to $4,000 in down payment/closing cost assistance based on Area Median Income (AMI) and other eligibility criteria.
A step toward home
Eligibility requirements for Freddie Mac BorrowSmart Access
- At least one borrower must be a first-time homebuyer
- 1-2 unit primary residences only
- Borrower income must be no more than 140% of AMI*
- Homebuyer counseling required
*Down payment amount will vary based off of borrower’s percentage of AMI. Contact a CrossCountry Mortgage loan officer for income and property eligibility details.
BorrowSmart: Frequently asked questions
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Because eligibility for Freddie Mac BorrowSmart Access depends on where you live when you apply, the best way to find out if you qualify is to get started with a CCM loan officer.
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Yes. You need to live and purchase a home in select neighborhoods in the following areas:
- Atlanta-Sandy Springs-Alpharetta, GA
- Chicago-Naperville-Elgin, IL-IN-WI
- Detroit-Warren-Dearborn, MI
- El Paso, TX
- Houston-The Woodlands-Sugar Land, TX
- McAllen-Edinburg-Mission, TX
- Memphis, TN-MS-AR
- Miami-Fort Lauderdale-Pompano Beach, FL
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- St. Louis, MO-IL
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Connect with a CrossCountry Mortgage loan officer. Once we have some basic information, we’ll discuss your eligibility for Freddie Mac BorrowSmart Access and help you with next steps.
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No. Freddie Mac BorrowSmart Access is not a loan and no repayment is required.
