Unlock Help with Freddie Mac’s BorrowSmart℠ Program
How Elite Mortgage Advisors Helps You Take Advantage of This Valuable Assistance
What Is the BorrowSmart℠ Program?
Freddie Mac BorrowSmart℠ is a down payment and closing cost assistance program for income-eligible homebuyers. It provides a credit at closing, which can be used toward your closing costs or to buy down the interest rate.
This credit doesn’t need to be repaid, and unlike some programs, it’s not a loan or second lien.
How Much Assistance Can You Get?
The assistance you receive depends on your income level and property location. Here's a quick breakdown:
$2,500 credit for very low-income borrowers (≤50% of Area Median Income, or AMI)
$1,250 credit for low-income borrowers (50.01–80% of AMI)
$500 credit for moderate-income borrowers (80.01–100% of AMI), available in certain markets
We will help you determine exactly how much you're eligible for, based on your income and where you're buying.
Key Benefits of BorrowSmart℠
✅ Free money toward your home purchase
✅ No repayment required
✅ Helps reduce your out-of-pocket costs
✅ Available to both first-time and repeat homebuyers (depending on guidelines)
Why Work with Elite Mortgage Advisors?
At Elite Mortgage Advisors, our mission is simple: empower you with the tools, knowledge, and resources to own a home confidently. We understand how programs like BorrowSmart℠ work, and we know how to combine them with other options to maximize your savings.
We offer:
Personalized guidance on eligibility
Local market expertise
Flexible loan options that fit your budget
A fast, transparent, and stress-free loan process
Ready to See If You Qualify?
Give us a call 786-380-3859