Introducing HomeOne: A New Mortgage Solution for First-Time Homebuyers
Unlocking Homeownership: A Guide to the HomeOne Mortgage Program
A Modern Mortgage for First-Time Buyers
On April 26, 2025, a groundbreaking mortgage option called HomeOne was introduced to address the growing challenges faced by first-time homebuyers. With nearly half of all U.S. home purchases made by first-time buyers, this program aims to simplify the path to homeownership amid rising debt burdens like student loans, auto payments, and credit card balances.
Why HomeOne Stands Out
The 2025 housing market posed significant hurdles for new buyers. HomeOne tackles these challenges by offering:
- A minimal 3% down payment, reducing upfront costs.
- Expanded eligibility for condos and townhomes, catering to urban lifestyles.
- No geographic or income restrictions, opening doors for moderate- to low-income households.
Key Features at a Glance
Simplified Qualifications
- At least one borrower must be a first-time homebuyer.
- All applicants must occupy the home as their primary residence.
- Only one credit score is required for approval.
Loan Flexibility
HomeOne cannot be paired with conforming or cash-out mortgages but works seamlessly with:
- Conventional fixed-rate mortgages
- Renovation mortgages
How to Begin Your Journey
Start your application through the Digital Mortgage Platform, which streamlines the process by allowing you to:
- Securely upload bank statements, tax records, and income documents.
- Complete prequalification in as little as 10 minutes.
Important Considerations
The HomeOne program is slated to launch nationwide in summer 2025. Prospective buyers are encouraged to prepare their financial documentation early to expedite the approval process.
Take the First Step Today
Homeownership is within reach. Explore how HomeOne can help you secure your first home by connecting with a mortgage advisor or visiting the Digital Mortgage Platform to begin your application.
