Up to $1,500 towards down
payment or closing costs*
Pennymac offers the Freddie Mac BorrowSmart® program which provides assistance up to $1,500 for income-qualified borrowers to be used towards the down payment or closing costs required to finance a homeTalk to a Loan Officer
Check your eligibility
Enter the address of where you're looking to buy. If you're not sure yet, enter your current address.
Your Combined Annual Income
What is the combined annual income of all borrowers?
One more question
Are you planning to buy a manufactured home?
Congratulations! You're eligible.
Use the funds to cover your down payment on eligible programs, which can offer minimum down payment as low as 3%
And if you've already saved up to cover your down payment and closing costs, this additional assistance can help re-establish your cash reserves and savings for home maintenance and emergencies after your home purchase closes