Freddie Mac BorrowSmart Access℠

Owning a home is a dream for many, but housing ownership in the U.S. has gaps for traditionally underserved communities. The Freddie Mac BorrowSmart Access^SM Program is a Special Purpose Credit Program to address the homeownership gap. Freddie Mac provides $1,500, and Assurance Financial provides $1,500 that the borrower can use toward a down payment and/or closing costs.

Who Qualifies for This Program?

The program is for first-time homebuyers with qualifying income less than or equal to 140% of the area median income who are seeking a Freddie Mac HomeOne® or Standard Convention mortgage. The homebuyer must complete a Freddie Mac homebuyer counseling course.

Eligible Property Types

The property must be a one- or two-unit primary residence and owner-occupied. This criteria can include:

• Manufactured homes
• Condos
• Planned unit developments

A second home or vacation home is not eligible for this program.

Benefits of the Freddie Mac BorrowSmart Access Program

The program addresses the homeownership gaps by providing financial assistance to traditionally underserved communities. As a result, housing opportunities become more accessible to all communities.

Freddie Mac BorrowSmart Access offers several advantages for the borrower. For the borrower, this program:

• Prepares them for long-term sustainability with their new home purchase.
• Provides pre-purchase counseling to set up homeowners for success.
• Offers cash assistance to help close the sale.

Why Trust Assurance Financial?

Assurance Financial’s mission goes beyond helping people buy a home — we serve to create a community to make your homebuying experience through the Freddie Mac BorrowSmart Access program exceptional. Our team is here to support you through every step of the process to make sure everything goes smoothly. Our commitment to putting service first and banking second has given us an A+ rating with the Better Business Bureau and “Top Mortgage Company for Customer Satisfaction” from Experience.com for three years and counting.

Contact Assurance Financial to Learn More

Becoming a homeowner is possible with Freddie Mac BorrowSmart Access. Reach out to Assurance Financial today to help determine your eligibility for this program.