Freddie Mac

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  • Buyers must have a pre-approval letter and/or proof of funds for all offers.



  • For first 20 days of the listing, only Owner Occupant offers will be considered. Investors may submit offers at any time, however, investor offers will only be considered after the "First Look" period has expired.
  • Owner Occupants may receive up to $500 toward a Home Warranty

First Look Initiative

Freddie Mac will offer homebuyers and select non-profits an exclusive opportunity to purchase HomeSteps homes prior to competition from investors through the Freddie Mac First Look Initiative.

This ongoing initiative offers owner occupant homebuyers, second home purchasers, Neighborhood Stabilization Program (NSP) grantees and non-profits engaged in community stabilization efforts the ability to purchase HomeSteps homes during their initial 20 days of listing (30 days in Nevada, Cook County, IL, and the city of Detroit, MI), without competition from investors. The purchaser does not need to be a first time homebuyer to be eligible provided, however, that they are buying the home as their residence.

See Also:

Home Warranty Incentive

HomeSteps offers an allowance up to $500 to homebuyers towards the purchase of a home warranty of their choice. It is the homebuyer's responsibility to identify and select the home warranty company and plan.

The home warranty incentive is available only for owner occupant offers (primary or secondary home) submitted on or after May 25, 2012. Investor purchases, auction sales, sealed-bid sales and bulk sales are ineligible for this incentive. Certain restrictions, limitations, terms and conditions apply.